πͺπΊ ECB arrives at neutral after first hike in three years as services inflation keeps September alive
The week in view
πͺπΊ ECB arrives at neutral after first hike in three years as services inflation keeps September alive
The ECB raised its deposit facility rate to 2.25% in its first hike after eight consecutive cuts, as eurozone CPI hit 3.2% in May. Services inflation at 3.5% makes September a live meeting.