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ECB boosts rates by 50 bps, and expects to raise again in March

Feb. 02, 2023 8:17 AM ETBy: Liz Kiesche, SA News Editor10 Comments

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Stadtratte

The European Central Bank raised its key interest rates by 50 basis points on Thursday and expects to raise them by another 50 bps at its March meeting, then expects to "evaluate the subsequent path of its monetary policy."

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Comments (10)

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W
With property being so high in parts of EU and UK and people so stretched I can't help but think there must be some kind of property crash.
K
Christine Lagarde talking the way Jerome Powell should have talked yesterday.
P
Inflation is global due to economic sanctions, pandemic shutdown shortages and spending

For a soft landing banks need to cut the thrusters and let things settle
By_Endurance_We_Conquer profile picture
The walking dead companies in Europe with far too much debt on the balance sheet will love that (not) and Italy and the Italian bonds ... oh my.
Karl Kelly profile picture
@By_Endurance_We_Conquer this. There are an alarming amount of zombie companies. Plus govt debt is high, rates can’t stay high for long imho.
By_Endurance_We_Conquer profile picture
@Karl Kelly

The way that I see this: The US started a currency war with the aggressive hikes which left the ECB kinda perplexed. ECB is forced now, literally forced, to keep pace with the FED and while doing so the ECB kills the economy in Europe, which still has a major military conflict at its doorstep.

Recipe for a disaster IMHO.
J
@By_Endurance_We_Conquer And yet DAX index is close to th record high again.
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