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  • Lagarde: Monetary policy in the euro area

    From ecb.europa.eu

    I am honoured to deliver the Karl Otto Pöhl lecture this evening on the topic of monetary policy in the euro area. After a long period when inflation in the euro area was too low, it is now far too high. We are in the tenth consecutive month of record-high inflation rates and we may see this streak continue in the near term. Inflation is being caused by a series of unprecedented shocks, which have led to turning points in the global economy. As a result, price pressures have proven much stronger and more persistent than originally projected. In this setting, monetary policymakers must ensure that inflation does not ... (full story)

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What is it with these lil puny 25 bp hikes? That is why you're getting crushed, we all know USD is going at LEAST 75 bp hike tomorrow if not a full 100. And AUD also just talking 25 - 50 bp??? Wow ..just wow
Quoting edeslu
What is it with these lil puny 25 bp hikes? That is why you're getting crushed, we all know USD is going at LEAST 75 bp hike tomorrow if not a full 100. And AUD also just talking 25 - 50 bp??? Wow ..just wow
ECB doesnt need to increase at a higher pace. When FED is done raising interest rates and the global economy is crushed it will spill over to EU. If US slows down so does the EU - even without rate increases.
Quoting Banditten
{quote} ECB doesnt need to increase at a higher pace. When FED is done raising interest rates and the global economy is crushed it will spill over to EU. If US slows down so does the EU - even without rate increases.
Plus, ECB has the one size does not fit all problem to contend with. That's what comes from thinking "Mary Shelley had a great idea - let's apply it to our currencies..."
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