“New normal” in monetary markets, as European inflation up to 7% & ECB poised to hike again
Ten months ago, in July 2022, Europe officially transitioned into a new monetary cycle. That month, the ECB hiked interest rates from -0.5% to zero, signalling a new paradigm as inflation engulfed the continent. Today, the battle wages on, the main rate now sitting at 3%. This week, the market…
May 2, 2023
