Report
ECB to accelerate monetary tightening
Until recently, it was widely accepted that a central bank should not react to an inflationary surge caused by a supply shock and that it should tighten monetary policy gradually. The ECB is doing the exact opposite. Its reaction function has changed. The ECB believes that the origin of the inflation shock, supply or demand, is irrelevant and, like the Fed, it is preparing to step up its policy rate hikes. The meeting on 8 September is likely to result in a 75bp hike, with a mes...
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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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