ECB defies global peer pressure after Fed-led policy tightening ...Qatar

Gulf Times - News

The European Central Bank’s (ECB) go-slow approach to starting interest-rate hikes is looking ever bolder at a time when most of its counterparts are tightening vigorously. At the end of a week punctuated by global increases in borrowing costs to quell inflation, including an accelerated half-point move by the US Federal Reserve and the Bank of England’s fourth consecutive upward step, Frankfurt officials are far from following suit. Aside from the Bank of Japan and the Swiss National Bank - each of whom are confronting far weaker inflation - the euro zone is now the only jurisdiction managing one of the so-called Group of 10 most-traded global currencies not to have raised rates. That lone

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Last updated : 06 May 2022 clock 09:16 PM

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ECB defies global peer pressure after Fed-led policy tightening ...Qatar

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