![]() ![]() Lagarde Says ECB Will Lift Rates at Next ‘Several’ MeetingsĬlick TECO for more of today’s main economic news.Germany Tackles Soaring Energy Costs With Lid on Gas Prices.ECB’s Kazaks Says Next Hike Must Be Big, Smaller Steps to Follow.The remarks - as well as inflation data from Spain and Germany - have the power to reshape money-market rate bets, which currently lean toward a second 75 basis-point hike being delivered at next month’s meeting. Thirteen of the Governing Council’s 25 members are appearing on Thursday at events from Amsterdam to Vilnius, with investors also looking for clues on where the current rate cycle may peak and when the trillions of euros of bonds purchased during recent crises may start to be shrunk. The central bank chiefs are part of a mammoth day of ECB speakers that’s shedding light on policy makers’ next rate move as inflation shows no signs of letting up and the continent teeters on the brink of a recession. ![]() ![]() His Baltic counterparts Gediminas Simkus and Madis Muller also indicated they’d back significant moves, while Mario Centeno of Portugal called for a “measured and balanced” approach and Spain’s Pablo Hernandez de Cos revealed an estimate for the terminal rate. ![]() (Bloomberg) - The European Central Bank should opt for a “big” increase in interest rates in October, according to Governing Council member Martins Kazaks, who said in an interview that subsequent hikes are likely to be smaller. ![]()
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