The calm after the storm
NAB Morning Call
00:00
The iPhone Signal: Is It a Sign That ECB Is Going to Take Their Foot Off the Accelerator?
weak PMIs, is this more of a sign that maybe one more hike from the ECB might be what we can get away with? It all depends on inflation. So yes, we might be seeing some signs that monetary policy is starting to have an effect both in Europe and in the US. As far as interest rates are concerned, only if inflation is clearly heading back towards target. I expect that the message from all central bankers apart from Japan and China will be that inflation is enemy number one.
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