Inflation Data Strengthens Case for ECB and BOJ Rate Hikes
Recent inflation reports from Spain, France, and Tokyo have reinforced arguments among economists and policymakers that the European Central Bank and the Bank of Japan should proceed with interest rate increases. The data suggests persistent price pressures that may necessitate tighter monetary policy to prevent economic overheating.
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Spain, France Inflation Data Boost Case for ECB Rate Hike
Spanish inflation surged to more than double the European Central Bank’s 2% target while France’s reading exceeded expectations, strengthening the case for an increase in interest rates next month. Paul Hollingsworth, head of developed market economics at BNP Paribas, says an ECB rate hike is now "all but nailed on." (Source: Bloomberg)
Read full article →Big jump in number of homeowners switching mortgage provider after ECB hike
Gap between highest and lowest interest rates in market is now 3.15 percentage points
By Charlie Weston
Read full article →ECB rate hikes threaten Greece’s credit expansion
Businesses and households could face up to three additional interest rate hikes by the European Central Bank (ECB) over the next 12 months, just as support from the Recovery Fund… ECB rate hikes threaten Greece’s credit expansion - Η ΝΑΥΤΕΜΠΟΡΙΚΗ
By Νατάσα Στασινού
Read full article →Faster Tokyo inflation supports near-term BOJ rate hike case
The consumer price index excluding fresh food rose 1.8% in August from a year earlier, picking up a tad after rising 1.7% in July, the internal affairs ministry has said.
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