WASHINGTON: Major European central banks on Thursday caught with plans to maintain their coverage rates of interest higher for longer to combat inflation that’s proving stickier in some elements of the world than others, dashing any hope {that a} US Federal Reserve pivot in the direction of curiosity rate cuts marked a worldwide turning level.
Extending the hawkish stance that has dominated international central banking for 2 years the Bank of England stated in an announcement that the rate would stay excessive for “an extended period”,- whereas the European Central Bank stated the euro zone’s benchmark charges would stay “at sufficiently restrictive levels for as long as necessary.”
Extending the hawkish stance that has dominated international central banking for 2 years the Bank of England stated in an announcement that the rate would stay excessive for “an extended period”,- whereas the European Central Bank stated the euro zone’s benchmark charges would stay “at sufficiently restrictive levels for as long as necessary.”
