No Data
Swiss Market Index Joins Regional Rally in Europe
Inflation is a "double-edged sword" that tests the wisdom of the European Central Bank, and officials call for caution when reducing interest rates.
Villeroy said, "We have a clear symmetric mission around the 2% inflation target. We must pay attention to both the risks below the target and the risks above the target"; Kazaks stated that the ECB will only lower interest rates at next month's meeting if the euro area economy enters a recession.
EUR: Who Believes the ECB? – Commerzbank
The Russian central bank unexpectedly raised interest rates by 100 basis points, stating that it will further tighten monetary policy.
The Central Bank of Russia announced a 100 basis point increase in interest rates, raising the benchmark rate from 18% to 19%; It is expected that the inflation forecast for July of 6% to 7% may be exceeded, and further tightening of policies is being prepared.
ECB's Holzmann: Uncertainty Is Now Significantly Smaller
EUR: Data Dependency Helping the Euro – ING