Analysts guess at ECB policy direction
It was the week of the central banks. The Bank of England raised interest rates by 15 basis points, the US Fed hinted at three rate hikes and a reduction in the buy-back programme. What exactly the ECB is aiming for is not entirely clear to market analysts. One thing is clear: a rate hike is the ultimum remedium for the central bank of President Christine Lagarde.
IMF: central banks should be “very vigilant”
It is too early to talk about stagflation, but inflation risks are rising and therefore central banks need to be very vigilant about tightening monetary policy early if prices rise and global growth slows.
Analysts at a loss: ECB is “extremely vague”
Equity markets in Europe fell sharply on Thursday. It was even the worst trading day of the year, with declines of the major indices from 1.7 to over 2 percent. The reason: investors are afraid of an economic slowdown and overvaluations. At the same time, analysts dived into the European Central Bank (ECB) minutes, which they found “extremely vague”.