FRANKFURT, Sept 14 — The European Central Bank is set to decide on Thursday whether to raise its key interest rate to a record peak in what should be its final step in the fight...
FRANKFURT, Sept 14 — The European Central Bank is set to decide on Thursday whether to raise its key interest rate to a record peak in what should be its final step in the fight against inflation, or take a break as the economy deteriorates.
Analysts and investors had been leaning towards a pause in the ECB’s rate increases until Reuters reported on Tuesday that the central bank was set to raise its forecast for inflation next year to more than 3 per cent, bolstering the argument for a hike. A majority of economists in a Sept 5-7 Reuters poll had expected the ECB to hold rates steady this week, but with the mood shifting money markets now assign a 65 per cent chance of a hike, expected to be the last in a cycle that began in July 2022.
But the brisk tightening cycle — twice as steep as normally envisaged by the ECB’s own stress tests of the banking sector — has already left its mark on the euro zone economy.
Italia Ultime Notizie, Italia Notizie
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