Divergence in monetary policy ahead
As national factors take precedence over global trends, divergences emerge among the monetary policies of major economies. Pioneering inflation targeting in the early 1990s, New...
Tag: EU
The ECB needs to set a course
Last week, several ECB members were responsible for pushing back expectations regarding the speed at which borrowing costs would decrease. The message got through, and...
Eurozone – Rate Cuts in 2024 Not Guaranteed This Year
Threats arising from persistent inflation could prevent the European Central Bank (ECB) from cutting interest rates this year, even though a recession cannot be ruled...
A $2 Trillion Debt Case for Higher Rates for Longer
The bond market has spectacularly turned upward in the developed world, pushing yields down and perhaps too quickly forgetting about the soaring budget deficits. In...
The ECB Under Market Pressure
Inflation in the eurozone accelerated in December, highlighting the challenge of reaching the 2% target set by the European Central Bank as governments withdraw support...
Is a downgrade of Italian debt possible?
This week, a possible downgrade of Italy would sound like a bad omen for the Eurozone. Moody’s believes that the country presents a “substantial credit...
The ECB takes a break
The European Central Bank has left interest rates unchanged for the first time in over a year after raising the deposit rate to a record...
The European economy and China: the beginning of a trade war?
The stricter approach of the European Union towards China is shaped by French concerns that Beijing’s trade practices are starting to pose a critical threat...
Is the West losing the war in Ukraine?
Russia invaded Ukraine last year, mistakenly believing it would be a short and glorious war. Its theory of victory now involves prolonging the war, creating...