Many analysts believe that the institution will handle a lower increase in the money price in upcoming meetings, but the ECB president has stressed that the central bank’s future decisions will depend on the data.
The markets will test the stakes today Christine Lagarde, President of the European Central Bank (ECB), reflecting the entity’s determination in its fight against inflation. The institution raised interest rates again on Thursday by half a percentage point, to 3.5%. It’s about the sixth consecutive increase of the cash prize, which reached its highest level at the end of 2008.
Despite this, the euribor The 12-month indicator, the most widely used indicator for calculating mortgages in Spain, fell yesterday to its lowest since January in the daily rate, but nevertheless continues to rise in March. The indicator fell sharply, to its lowest since January 27 last year, as it stood at a daily rate of 3.359%. Still, the monthly rate for March, which is used to review and calculate mortgage payments, continues to rise at 3.78%, higher than the 3.534% that ended February.
On the other hand, the crisis of Credit Suisse took a breather on Thursday as the entity ended the session with a strong 20% gain, after losing in the Wednesday debacle 24%, a partial recovery driven by support from the Swiss National Bank, which pledged early this morning to clean up the battered accounts of the country’s second-largest financial institution with a $54 billion loan.
“The euro area banking sector is resilient and has sound capital and liquidity positions,” defended the Governing Council of the ECB, adding that the ECB has at least all the necessary monetary policy tools to provide liquidity to the financial system of the euro area. euro area as needed and to maintain the smooth transmission of monetary policy.
Many analysts believe the institution will see a lower rate of cash price appreciation in future meetings, including Eiko Sievert, director of sovereign ratings at Scope assessments; Anthony Wood Ethi Finance Reviews; analysts of to bury; Anna Stupnytska, global macroeconomist at Get married internationally and Víctor Alvargozález, director of strategy and co-founder of Nextep Finance.
For its part, the Vice President and Minister of Labor and Social Economy, Yolanda Diazhas gone a step further and has ensured that the ECB must “get off the path of rate hikes”.
However, the ECB president has assured that the Governing Council’s decision to raise rates is “robust and necessary” and has limited himself to emphasizing that future central bank decisions will depend on the data.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
