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ICYMI: HSBC's 5 reasons it expects the ECB to hike rates 3 more times in the coming months

ICYMI: HSBC's 5 reasons it expects the ECB to hike rates 3 more times in the coming months
Justin had the news on the expected aggressive rate hike from the European Central Bank ahead:HSBC expects ECB to hike rates three more times in the months aheadHSBC has 5 reasons, in brief:Service sector's activity is remarkably robust. The labour market is still fairly tight, and wages are steadily increasing; Due to low productivity and growing salaries, the growth in labour costs for businesses is greater than what is consistent with a 2% inflation objective; Policymakers believe ther... Read More
Posted: May 23 2023, 21:54
Author Name: forexlive
Views: 081429

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