Analysts say the president of the ECB will mark the beginning of a new monetary policy by ending bond-buying programs while paving the way for higher interest rates.
The package for the vulnerable economies of the European Union and the increase in lending ratesafter a long period that was “frozen”, is expected to announce on Thursday the head of the European Central Bank Christine Lagarde.
The ECB wants to reduce the effects of high inflation recentlyoffering time and breath to the eurozone economies in order to control the precision rally.
The big question is whether inflation will continue to rise aggressively, with estimates saying it will peak in September.
Bonds in the eurozone are falling
Eurozone bond prices are falling today in view of tomorrow’s announcements of the European Central Bank by its head Christine Lagarde, reports APE-MPE.
Analysts say the president of the ECB will mark the beginning of a new monetary policy by ending bond-buying programs while paving the way for higher interest rates.
The ECB ‘s revised forecasts are expected with interest tomorrow, mainly for the course of inflation, as the size of the interest rate increase will largely depend on them. Interest rate decisions are expected to be taken at the next meeting of the Governing Council of the ECB in July.
It is recalled that inflation in the eurozone is already “running” at a rate of 8%.
143 million euros were recorded in HDAT, of which only 32 million were related to purchase orders. The yield on the 10-year bond stood at 3.86% from 3.80% yesterday, compared to 1.35% of the corresponding German bond, with the result that the margin remained at 2.51%.
In the foreign exchange market, the euro is moving slightly higher against the dollar as the European currency traded early in the afternoon at $ 1.0737 from the level of $ 1.0710 when the market opened.
The indicative price for the euro / dollar exchange rate. announced by the ECB amounted to $ 1.0739
