Eurozone interest rate hike to put ECB at vanguard of global tightening
Unless Christine Lagarde and her colleagues challenge current investor bets, monetary policy will stay on track for further tightening, with at least one more hike penciled in for the remainder of the year.
A eurozone interest rate hike in the coming week is set to place the European Central Bank (ECB) at the vanguard of global tightening caused by the Iran war.
The quarter-point increase expected for Thursday would be the most notable move so far, given that similar action in advanced economies has taken effect in much smaller jurisdictions from Australia to Norway.
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