Held Rates, Rising Risks
The bond market has stopped dreaming of rescue. A few weeks ago, investors were still clinging to the idea that the Federal Reserve would ride...
Tag: ecb
Europe’s Strategic Folly Comes Due
Europe is once again discovering that moral postures are not an energy policy. For years, the continent congratulated itself on its virtue, mistaking dependency for...
The ECB’s Next Move May Be a Rate Hike
The European Central Bank has not raised rates. Not yet. But the fact that such a possibility is now openly circulating inside Frankfurt tells its...
Europe’s Bond Mirage
The calm lasted precisely one day. European bond markets briefly stabilised before resuming their descent, as investors digested a reality that central bankers would rather...
Euro area: Oil, War and the Return of Inflation
Inflation in the euro area has chosen the worst possible moment to reawaken. In February, consumer prices rose by 1.9% year-on-year, up from 1.7% in...
ECB: When the Guardian Wavers
Central banks are built on two pillars: credibility and continuity. Remove either, and the structure trembles. Inside the European Central Bank, tremors are now perceptible....
Europe Calls Time on Rate Cuts
Markets are quietly, but decisively, signalling that Europe’s great rate-cutting adventure is already drawing to a close. Across the continent, investors are converging on the...
ECB Holds Its Nerve as Inflation Nears Target and the Economy Refuses to Die
The European Central Bank left interest rates unchanged for a third consecutive meeting, with inflation conveniently hovering around 2 per cent and the eurozone economy...
Trump Takes Aim at “Too Late” Powell – Again – Stirring Fresh Doubts Over Fed Independence
President Donald Trump, never one to miss a well-timed jab, has once again set his sights on Federal Reserve Chair Jerome Powell, suggesting his departure...