Banks Bet on Three ECB Rate Hikes This Year

It’s official: brokers are now expecting the ECB to hike interest rates this year. And it’s not hard to see why – with inflation on the rise and growth slowing down, central banks are under pressure to act.

No Stagflation, Yet

A former Governor claims we’re not seeing stagflation just yet, but that’s not exactly reassuring. The specter of higher inflation and lower growth is still hanging over us, and it’s only a matter of time before things get ugly. The question is, will the ECB’s rate hikes be enough to stop it?