Fragile balance of risks in Europe as the ECB gives its first turn of the screw

Fragile balance of risks in Europe as the ECB gives its first turn of the screw

The high level of inflation forced the ECB to raise its interest rates by 50bp, despite a context of political instability, weak growth and an energy crisis far from being resolved. Key points Even though this rate hike cycle is off to a stronger start than we previously thought, we still expect the deposit rate …

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