Report
ECB in a wait-and-see stance, with an overly restrictive policy
Since the ECB's last meeting six weeks ago, core inflation has remained on a downtrend, the European economy has continued to show signs of weakness, financial conditions have tightened and the global geopolitical context has become extremely tense. “Wait and see” is the ECB's new course of action. After ten policy-rate hikes, it was about time. The ECB has tightened its monetary policy by 450bp in a virtually stagnant economy. Quite an achievement! However, this has not stopped ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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