Hawks fly over frigid Europe
Friday 16th December 2022
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As the UK and Europe weather a cold snap, central banks are heating up their rhetoric as the fight to cool inflation. On today\u2019s podcast JBWere\u2019s Sally Auld discusses the unexpectedly hawkish stance taken by the ECB, suggesting it was possibly a trade-off from pushing rates higher this time round. The Bank of England was split three ways on what to do, but ultimately lifted rates by the same amount \u2013 50 basis points. We also look at moves by the Norges Bank and the Swiss National Bank. Meanwhile, Australia\u2019s strong employment numbers add further pressure on the RBA , whilst the RBNZ next year has to tackle inflation in an economy that refuses to slow down. And lots of PMI numbers today, just to add to the information overload a week out from Christmas.
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