Bloomberg reports that the market is now pricing in a 10-basis-point increase to the European Central Bank’s deposit rate in around three year’s time, just a third of what was expected in May.
But forward-looking gauges show consumer-price gains will still fall short of the ECB’s target by then, which suggests expectations for any tightening will have to be pushed back even further.
President Christine Lagarde said last month that rates wouldn’t rise until inflation of 2% comes sustainably into sight. The shift in forward guidance carries even more weight now that a surge in coronavirus cases threatens the recovery from the pandemic.
Current pricing is particularly jarring considering that, in December, a 10-basis-point cut was priced in for early 2022 -- a sign of how engrossed the market became with the prospect of an economic rebound.
While consumer-price gains jumped to 2.2% in July, the fastest pace since 2018, ECB policy makers have taken pains to stress the increase is transitory. Swaps show inflation will be running below 1.7% in 2024.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.