Pimco monetary policy expert Konstantin Veit believes that up to two interest rate hikes by the European Central Bank (ECB) this year are possible due to persistent inflation risks. Veit told the Handelsblatt newspaper that this would correspond to a total of 50 basis points, slightly less than what is currently priced into the financial markets. Veit cited the war in the Middle East, increased inflation expectations, and core inflation that has…
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Pimco monetary policy expert Konstantin Veit believes that up to two interest rate hikes by the European Central Bank (ECB) this year are possible due to persistent inflation risks. Veit told the Handelsblatt newspaper that this would correspond to a total of 50 basis points, slightly less than what is currently priced into the financial markets. Veit cited the war in the Middle East, increased inflation expectations, and core inflation that has…