The heads of the Fed, ECB, Bank of England and Bank of Canada agreed at Sintra to abandon explicit rate signalling, leaving markets to trade on data rather than guidance.
Tag: ECB
Posted inEconomy
Euro area inflation eases to 2.8% in June as energy costs retreat
Eurozone headline inflation fell to 2.8% in June from 3.2% in May, driven by a 1.7% monthly drop in energy costs — the first deceleration since the Middle East conflict began stressing prices.
Posted inEconomy
ECB raises rates to 2.25% in first hike since 2023 as Iran war drives inflation
The European Central Bank raised its deposit facility rate by 25 basis points to 2.25% on June 11, citing persistent energy-driven inflation from the Middle East conflict, with headline eurozone inflation forecast to average 3% in 2026.
Posted inEconomy
Five central banks in eight days as Iran-driven inflation tests policy limits
Five major central banks — ECB, Fed, BoJ, BoE, and Bank of Canada — convene in eight days this week, with the ECB’s expected hike to 2.25% leading the sequence.