Today’s Goldman Sachs report was on this wavelength and predicted a 0.75% rate hike in September.
Bond prices are under strong pressure today after the inflation surged to a new negative record (9.1%) for August. This development, according to analysts’ estimates, strengthens the scenario of a larger interest rate increase by the ECB next week.
Today’s Goldman Sachs report was on this wavelength and predicted a 0.75% rate hike in September.
In fact, in this analysis, the international investment bank revises upwards the “ceiling” for the key interest rate of the ECB, which it now predicts will reach 1.75% (from 1.50%) in February 2023.
In HDAT, transactions of 68 million euros were recorded, of which 20 million euros related to purchase orders. The yield on the 10-year bond stood at 4.11% from 4.05% yesterday versus 1.53% for the German counterpart, bringing the spread to 2.58% from 2.55% yesterday.
In the foreign exchange market, the euro moved slightly higher in the early afternoon, trading at $1.0021 from the $0.9991 level that opened the market. The indicative price for the euro/dollar exchange rate announced by the ECB was set at $1,000.
RES-EMP
Read the News today and get the latest news.
Follow Skai.gr on Google News and be the first to know all the news.
