Home » ECB waiting at the gate after ‘Fed hawk’. Changes in the monetary line of Lagarde & Co? They are not likely

ECB waiting at the gate after ‘Fed hawk’. Changes in the monetary line of Lagarde & Co? They are not likely

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The Federal Reserve (Fed) chapter has been archived at least for the moment after the hawkish indications that arrived last night and awaiting the crucial appointment in March, the markets shift their gaze to next week’s meeting with the European Central Bank (ECB) which next Thursday, February 3, will meet in Frankfurt.

“The reports of the December meeting of the European Central Bank (ECB) put it in a nutshell: there is great disagreement within the ECB on the assessment of the further trend of inflation and on the course of monetary policy that owes it derive “, recalls Ulrike Kastens, economist Europe at DWS, explaining that this divergence is also reflected in the latest comments from various ECB exponents. “There is therefore a lot to say, in view of the meeting on February 3, 2022, in favor of maintaining the monetary policy course decided in December 2021, which provides for a significant reduction in asset purchases this year”, adds the economist. .

“The ECB is likely to come under increasing pressure in the coming months as inflation rates are not only likely to be higher than expected, but presumably will remain at a persistently higher level for a longer period than assumed. previously from the ECB, “says Ulrike Kastens, according to whom pressure on the ECB is likely to gain momentum with each release of new data on high inflation.

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