Posted on July 5, 2022 In Europe, the date of the next meeting on July 21 is approaching, in which the rate hike is expected. This week it is expected that in the different appearances of the members of the ECB council they will talk about the rise in inflation last week and about the definitive decision-making for the rate increases for July and September. More details are expected on the anti-fragmentation mechanism, along with the latest comments from different fronts betting on the possibility of entering a recession in 2023. Nagel considers that these measures will only be justified in exceptional circumstances and narrowly defined conditions. . The measures taken, he continued, must not be dictated by sudden and temporary market movements and must be strictly temporary. In addition, the importance of gas supply interruptions will also focus the debate, especially the political one, regarding the Central European countries that are dependent on Russian gas. The change of cycle in raw materials is being seen due to fear of a global recession and prices in energy markets are falling sharply. In Italy, Draghi’s meeting with the leader of the 5-Star party, Conte, stands out. It seems that there is an internal current of this party with an interest in breaking with the ruling coalition. Draghi for his part sends messages of stability, he considers that 5 Stars is an important part of the coalition and that they cannot continue without his absence, since if they left the government it is most likely that they would have to call early elections. INFORMATIONTitleMonetary policy in EuropeDescriptionThis week it is expected that in the different appearances of the members of the ECB council they will talk about the rise in inflation last week and about the definitive decision-making for the rate increases for July and September.Author GLOBALCAJA
Monetary policy in Europe
