- Analytics
- News and Tools
- Market News
- ECB to deliver another 75 bps hike in December as inflation refuses to peak – Commerzbank
ECB to deliver another 75 bps hike in December as inflation refuses to peak – Commerzbank
Euroarea inflation increased again in October to 10.7% year-on-year. This also increases the pressure on the European Central Bank (ECB) to further raise key rates sharply, in the view of economists at Commerzbank.
Inflation rate rises and rises
“The inflation rate in the euro area rose further in October to 10.7%, which was significantly higher than expected. Prices are rising more strongly across the board. The inflation rate excluding the volatile prices of energy, food, alcohol and tobacco rose by 0.2 points to 5.0%.”
“Today's data increase the likelihood that the ECB will raise its key interest rates again by 75 basis points in December, especially as the euro economy still grew by 0.2% in the third quarter compared with the second quarter.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
