Inflation remains a concern
Fed will be forced to raise interest rates, report says
Rates likely in holding pattern until mid-2009, economists say
Action need to prevent expectations of higher inflation becoming more pronounced
The European Central Bank delivered on rate hike expectations today, but economists say that it now appears to be backing off its hawkish stance a bit. Indeed, economists anticipate that most central bankers will be on hold for the balance of the year.TD Economics notes that in the press conference that followed today’s 25 basis […]
Case for tightening is weak
Inflation to moderate later this year
Loss of full time jobs indicates economy is softening
TD economists forecast a 25 bps cut
As expected, Europe’s major central banks left rates unchanged today, but rate moves are forecast for the months ahead, with concerns about both inflation and economic growth on the horizon.The Bank of England’s Monetary Policy Committee today voted to maintain the official bank rate at 5.0%. And, the Governing Council of the European Central Bank […]