ECB raises rates, markets worried
b'
Friday 5th May 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The ECB has lifted rates by 25 basis points and the expectation that there is more to come. NAB\\u2019s David de Garis said Christine Lagarde did raise concerns about credit tightening, but there was no suggestion of how that would change the rate path for the bank. Meanwhile, PacWest Bancorp looks likely to be the next US bank to disappear, with questions over how many other regional banks will follow. That uncertainty has led to a fourth day of falls in US shares. US payrolls are the main focus tonight, after data yesterday showed jobs are holding up, with wages still growing, and productivity falling. The Fed, obviously, wants to see none of those things.
Hosted on Acast. See acast.com/privacy for more information.
'