Markets now think the ECB will raise interest rates to a record high 4% if it is to make headway in crushing inflation running at four times its 2% target Read More...
Markets now think the European Central Bank will have to raise interest rates to a record high 4% if it is to make headway in crushing inflation that has been running at more than four times its 2% target.
It’s a treacherous trajectory along which other important central banks like the Federal Reserve are also travelling, as they strive to combat the most intense price pressures in decades by slowing but not crashing their economies.
The…
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