The European Central Bank raised its deposit facility rate to 2.50% on September 11, upgrading its 2026 growth forecast to 0.9% while warning that energy-driven inflation risks remain tilted to the upside.
Tag: interest rates
Posted inEconomy
ECB Rate Hike to 2.5% All But Certain as Eurozone Energy Inflation Hits 14%
The European Central Bank meets September 10 with a 25bp rise to 2.5% fully priced, as energy inflation running at 14.3% lifts eurozone CPI to 3.3% while core prices actually fall.
Posted inEconomy
Bank of England MPC Split 6-3 as Hawks Eye 4% Rate Ahead of September 17 Vote
The Bank of England faces a genuinely uncertain September 17 rate decision as three MPC members already voted for a rise to 4% in July and UK inflation has started climbing again.
Posted inMarkets
Gold Retreats to $4,405 as August Payrolls Cement Federal Reserve Hike Bets
Spot gold fell 0.5 percent to $4,405 on September 7 as August payrolls nearly tripled expectations, pushing September Fed hike probability to 58 percent.
Posted inEconomy
ECB Poised to Raise Rates to 2.5% on Wednesday as Eurozone Inflation Hits 3.3%
The ECB meets Wednesday with markets pricing near-certain odds of a hike to 2.5 percent after eurozone inflation rose to 3.3 percent in August.
Posted inEconomy
Bank of Canada Holds at 2.25% Amid Tariff Risk and Fragile Recovery
The Bank of Canada kept its benchmark rate at 2.25% for the seventh consecutive meeting on September 2, citing trade war uncertainty even as Q2 GDP expanded at an annualised 3.3 percent.
Posted inMarkets
Stocks Slide as Blowout August Payrolls Push September Rate Hike Odds to 58%
The S&P 500 fell 0.38 percent to 7,718 on September 5 as August non-farm payrolls came in at 162,000 — nearly triple the consensus estimate — driving Treasury yields sharply higher and reversing a week of easing rate-hike bets.
Posted inMarkets
September Rate-Hike Bets Double After Warsh’s Hawkish Jackson Hole Debut
Markets pushed September rate-hike odds from 35% to 57% after Fed Chair Warsh refused to signal policy direction at Jackson Hole, sending the S&P 500 down 0.25% and the Nasdaq 0.52% on Friday.
Posted inEconomy
Warsh Debuts at Jackson Hole Warning That Inflation Is Still Too High
Fed Chair Kevin Warsh used his first Jackson Hole address to warn that July PCE inflation at 3.3% does not confirm underlying trends have improved, and called for a quieter central bank that signals less.
Posted inEconomy
Bank of Korea Delivers Back-to-Back Rate Hike to 3%, Citing AI Boom and Sticky Inflation
South Korea’s central bank raised its benchmark rate to 3% on Thursday in a second straight hike, as the AI chip boom stokes wages and inflation across the export-driven economy.