interest rate

Financial markets had already priced in the 6 June interest rate adjustment. The ECB must now weigh up its next move.

The Bank of England recently opted to keep its benchmark interest rate unchanged. Nevertheless, it adjusted its inflation forecasts downward, and there are now two doves on the Monetary Policy Committee, one more than the previous meeting.

The uncertainty is high about how inflation and the economic situation of the Eurozone will develop in the coming months. Accordingly, the advice from economists to the ECB varies quite a bit, as a survey by Börsen-Zeitung shows.

In the interview, the President of the regional Federal Reserve Bank of San Francisco, Mary Daly, discusses the fight against inflation, further interest rate steps, the reduction of the Fed's balance sheet, and the future monetary policy.