Friday, June 9, 2023
HomeEconomyInstant view: ECB raises rates for fourth straight time, but pace slows

Instant view: ECB raises rates for fourth straight time, but pace slows

Stowe Gram

Add/Remove from Watchlist

Join the watch list

Add location

Location successfully added to:

LONDON – The ECB raised interest rates for the fourth time in a row on Thursday and outlined plans to shrink its bloated balance sheet starting in March 52 to curb inflation.

The central bank raised the deposit rate to 2% as expected and left the possibility of further rate hikes firmly open as new economic forecasts suggest that It will still be years before price growth returns to 2%.

Market Reaction:

Bond: German basis points to 1.% compared to 1. % before moving while Italy The one-year bond yield is Up 4 basis points. %

STOCKS: Entire region 400 Stoke 10 The index fell sharply, falling 1.7% in late trading.


FLORIAN HENSE, SENIOR ECONOMIST, UNION INVESTMENT, FRANKFURT “This could be The most hawkish basis points they can make. Everything I read in the statement press release sounds very hawkish, maybe even “very hawkish” to me. Hawks”.

” Most interestingly, the report included an inflation forecast 94. Of course, we don’t know where it will be by then, but if the ECB does Putting out a forecast like that, it tells you a lot about how much austerity they need to do, which is why the market is so hawkish.”

CLAUS VISTESEN, Chief Eurozone Economist, Pantheon Macroeconomics, London:



Please enter your comment!
Please enter your name here


Featured NEWS