Markets set for a tougher ECB

Published: July 19, 2022, 8:46 p.m.

b'Wednesday 20th July 2022Markets are preparing for a big rate rise by the ECB tomorrow. NAB\\u2019s Rodrigo Catril says they are hiking when the expectation is that the Nordstream pipeline won\\u2019t fully reopen for some time, if at all. \\u201cNo energy means no growth\\u201d, he says, with the likelihood that Europe is heading for a major recession. Is the central bank prepared for that? Politically, can Europe cope with it all? Also today, we look at what the Bank of England\\u2019s Andrew Bailey had to say about UK rate expectations, ahead of inflation numbers later today. Plus, is the RBA preparing the market for a 75bps hike? And those flicking the off switch on Netflix - not as bad as expected.


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