Wednesday, May 4, 2022

MPC communication loses lustre. Is a 75 bps hike next?

An interest rate increase per se wouldn't have been shocking given the price pressures that have been building up and the actions of other central bankers in the past few months, because data were pointing to the build-up of a storm. But a rate action in an unscheduled meeting after following a different narrative raises more questions than it answers.

from Economy-News-Economic Times https://ift.tt/ObJPZK6
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