9th October 2023
PIMCO: ECB Prioritizes Fighting Inflation Above Avoiding Recession
In hiking its deposit rate by a quarter point in September, the European Central Bank (ECB) signalled its commitment to achieving price stability. While this rate increase might not be the last, focus now shifts towards how long rates will stay at that peak. We remain skeptical that the ECB will deliver rate cuts as early as the market expects.
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