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Market Reports

6:29am, July 18th 2022

ECB to Raise Rates?

The European Central Bank which has maintained its key headline interest rates at 0% for well over a decade, may finally be raising rates this week. Thursday’s announcement should see a 25-bps increase which will take the ECB off 0% for the first time in almost 11 years!

The euro will be in focus as market participants weigh up the future course of monetary policy within the euro area. Will President Lagarde signal further hikes?! Also in the spotlight will be the central bank’s announcement of a new tool devised to prevent eurozone government bond yields from rising too aggressively in the face of tighter monetary conditions.

From the UK perspective, this week sees 2 key pieces of data. Employment and inflation data reports will be released on Tuesday and Wednesday. Also, the next round of the UK prime minister race will continue with another debate scheduled.

A busy week ahead which should see volatility remain across all asset classes. Have a good one!

Written by Viv Savani. 6:29am, July 18th 2022

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

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