ECB set to turn up the dial
Friday 10th June 2022The ECB indicated overnight that they will lift rates at their July meeting, and if there\u2019s no sign of a fall in inflation then a bigger hike might be necessary in September. This is the most hawkish the ECB has sounded, but Phil Dobbie asks NAB\u2019s Gavin Friend if it is enough? The prospect of more rate rises has accentuated concerns about the impact of southern European economies and Christine Lagarde\u2019s proposals on how to deal with the problem failed to satisfy markets, with Italian and Greek bonds falling markedly again. Today\u2019s CPI number for the US will be watched keenly. Has inflation peaked?
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