ECB’s Lane Says Inflation Outlook Worsened as June Hike Expectations Build - ActionForex
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7 Articles
Yesterday, following the European Commission, the chief economist of the European Central Bank (ECB) also announced that it would adjust inflation and growth forecasts due to the ongoing conflict with Iran. Furthermore, an interest rate hike in June is already under discussion. Freedom Party (FPÖ) budget spokesman, MP Arnold Schiefer, therefore reiterated his call for the Social Democratic Party (SPÖ) Finance Minister to consult the Austrian Ins…
IN 30 SECONDS What happened? Isabel Schnabel, a German member of the ECB’s board, has asked for an increase in interest rates at the June 11 meeting in the face of inflation that is already around 3% and that could rise to 4% this year. Who is behind it? The ECB itself, with Chief Economist Philip Lane reviewing upwards the inflation projections and several governors (Kazimir, Villeroy) aligning itself with a monetary tightening. What impact doe…
ECB’s Lane Says Inflation Outlook Worsened as June Hike Expectations Build - ActionForex
European Central Bank Chief Economist Philip Lane gave markets little reason to doubt that a rate hike is approaching next month. As investors increasingly price tighter policy following the Middle East energy shock, Lane signaled that policymakers are comfortable with those expectations, saying, “I don’t think the market needs some kind of extra guidance from […] The post ECB’s Lane Says Inflation Outlook Worsened as June Hike Expectations Buil…
The European Central Bank (ECB) will review upwards its inflation projections in the new macroeconomic table for the euro area to be released in June, coinciding with the meeting of the institution’s Governing Council, which could raise the price of money in response to the impact of the Middle East war after a year of rate stability.
Rising oil prices and energy costs since the outbreak of the Middle East war burden the euro area. ECB forecasts updated on 11 June
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