Inflation expected to hit Germany 8 per cent. ECB zero rate by September
Det EU-harmoniserade konsumentprisindexet, HIKP, steg 8,7 procent på årsbasis. Det är den högsta noteringen för indexet någonsin.
I april var HIKP-inflationen 7,8 procent. Väntat var 8,0 procent.
Direkt DI 30 maj 2022
The surge in inflation, which is expected to hit a new 40-year high in Germany of 8 per cent, as well as rising in France, Spain and Italy when national data are released on Monday and Tuesday, has prompted policymakers to promise an imminent response.
Christine Lagarde said last week it was on track to raise its deposit rate from minus 0.5 per cent to at least zero by September
FT 29 May 2022
https://www.ft.com/content/9bd69366-bcf6-4ae3-a9e4-0dda1dd07249
Minusräntorna beror på försvaret av euron
https://englundmacro.blogspot.com/2022/05/nollrantan-och-greklandskrisen.html
ECB last summer concluded a two-year strategy review
that was concerned mostly with the problem of low inflation.
ECB should tighten the criteria for its targeted longer-term refinancing operations (TLTROs), which provide low-cost funds to banks that lend to the real economy.
(Targeted longer-term refinancing operations (TLTROs)
https://www.ecb.europa.eu/mopo/implement/omo/tltro/html/index.en.html
The ECB’s Interest-Rate Balancing Act
Jun 1, 2022 JENS VAN ‘T KLOOSTER
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