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In Shift, ECB Drops Precommitment To Additional Rate Hikes
The ECB raised rates as expected on Thursday.
July marks the one-year anniversary of Christine Lagarde's hiking campaign, the most aggressive in the institution's relatively short history.
The policy rate is now 3.75%. Lagarde started in negative territory, of course. With Thursday's move, the total amount of tightening delivered over the last 12 months is 425bps.
The bank was generally assumed to pursue a 4% terminal rate, but that might've changed on Thursday. September's meeting is a coi
Looks like global banks globally are leaving the field. BoE next? Inflation will do what inflation will do.
Cyclical strength + inflation = commodities.
Sorry, “central banks gloablly”