ECB window for big rate hikes narrows with recession nearing ...Qatar

The European Central Bank (ECB)’s window for outsized interest-rate increases is closing as a recession looms and borrowing costs approach levels that no longer offer support. Record inflation and the danger of winter energy shortages are sinking confidence in the euro-zone economy. As the hard data gradually worsen, the hawks who currently steer ECB policy have only a limited opportunity to deliver more big hikes. That chance could amount to the next two meetings in October and December, with markets already betting the first will deliver a repeat of September’s historic 75 basis-point step. Come the New Year, arguing that the battle with prices trumps growth – the position of many of the

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Last updated : 12 October 2022 clock 09:29 PM

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ECB window for big rate hikes narrows with recession nearing ...Qatar

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