Menu
Sister Sites

  • ECB ‘Certainly’ Isn’t Done With Interest-Rate Hikes, Knot Says

    From bnnbloomberg.ca

    The European Central Bank has to continue to raise borrowing costs, according to Governing Council member Klaas Knot, conceding that a slower pace of tightening could be warranted. “We are certainly not done with interest-rate hikes,” the Dutch central bank chief told the NRC newspaper in an interview. “Core inflation in the euro zone is now almost 6%, and you can’t fight that with an interest rate of 3%.” “The only question is whether you still need to take a further step up by half a percentage point, like the last few times we raised rates, or can you already scale back to smaller increments of a ... (full story)

so this means the market will keep on going higher??
I totally agree with you.. they will continue to raise interest rate for the time being.
Classic create the problem and then offer the solution in form of Central Bank digital currency.
Lagarde and her allies are non-original, Charlie Chaplin had it figured out before they were born.
They keep yapping about "Security", "terrorist funding" and "Stability" other arguments for their actions are absent, they are politicians - not central bankers.

Inserted Video
Born to lose live to win
  • New Comment
  •  Guest
  • | IP XX.XXX.160.97
Join FF
  • Story Stats
  • Posted: Apr 8, 2023 7:00am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 2,356

  • Related Stories