The European Central Bank hiked interest rates for the ninth consecutive time on Thursday, but raised the possibility of a pause in September as inflation pressures show tentative signs of easing and recession worries mount.
highLagarde said the risks of so-called “second-round” effects had not worsened since last month.
But record-low unemployment has raised fears that wages will jump as workers seek to recoup real incomes lost to inflation, which is why many investors and analysts had been expecting the“Because we expect a significant decline in inflation and a recession in the second half of the, we continue to not forecast a rate hike in September. On the other hand, we doubt the market’s view that theThe euro tumbled as Lagarde spoke and briefly dipped under $1.10, having risen 0.5 percent to touch $1.
Indicators of business, investor and consumer sentiment and bank lending surveys point to a continued deteriorationAnd with manufacturing in a deep recession and the previously resilient services sector showing signs of softening despite what is likely to be a superb summer holiday season, it is hard to see where any rebound would come from.inflation eroded real incomes, could push inflation down faster than some expect, leaving less work for theYour subscription could not be saved.
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