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ECB: Follows Guidance with 50bps Hike, Switches to Wait-and-See Stance
The ECB followed through on its long-communicated guidance with a 50bps hike today, but accompanied this with very limited signaling regarding the future policy path, against a backdrop of financial stability concerns. Had this meeting taken place just one week ago, the bank may have sounded a more hawkish note given today’s revision higher to its core inflation and GDP growth forecasts (table 1). table With the statement and Lagarde’s presser giving us little to go on in terms of what to expect at the May decision, we leave our forecast unchanged, seeing a 25bps hike at the May meeting. The EUR initially ... (full story)
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From fxstreet.com|Mar 16, 2023|1 commentUSD/JPY bears eye 131.00, a level that could easily come back under pressure for the days ahead. Meanwhile, bulls will need to commit at 4-hour support. USD/JPY is at 133.40, up ...
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From bnnbloomberg.ca|Mar 16, 2023Former Treasury Secretary Lawrence Summers praised European Central Bank President Christine Lagarde for raising interest rates by a half percentage point Thursday and said the ...
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From cbc.ca|Mar 16, 2023|2 commentsAn Ottawa-based private equity firm is buying MindGeek, the owner of Pornhub and other adult entertainment properties. The terms of the purchase by Ethical Capital Partners are ...
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From @LiveSquawk|Mar 16, 2023tweet at 9:43pm: Fed Blocked Mention Of Regulatory Flaws In Silicon Valley Bank Rescue - NYT https://t.co/96UnpJlCk9
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From home.treasury.gov|Mar 16, 2023Chairman Wyden, Ranking Member Crapo, and members of the Committee: thank you for inviting me here today. I’d like to begin with an update on the recent developments in the ...
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- Posted: Mar 16, 2023 8:55pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 999
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