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ECB's Wunsch: Rate pause would need a clear signal of slowing core inflation
Rate pause needs a clear signal that core inflation is slowingStagflation is the base caseMore action is needed if core does not moderateThe market is pricing in a 92% chance of a hike at the July 27 meeting with another 25 bps priced in by year end.In a separate report, the ECB's Panetta is set to be named the head of the Bank of Italy, replacing Visco. Il Sole 24 says the announcement could come as soon as today. This article was written by Adam Button at www.forexlive.com...
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Posted: Jun 27 2023, 17:13
Author Name: forexlive
Views: 112538