Central banks hiking amid Iran-war inflation
The BoE has hiked to 4% with a December hike priced at 50%, and an ECB member flags a third hike since the Iran war began. Inflation is rising globally.
What we know
Zigman says the ECB may hike next month. Bailey says domestic inflation pressures remain high but sees CPI peaking somewhat below 5%. Traders see a 50% chance of a December BoE hike. Bilello says the Fed, ECB, BOJ and BOE are behind the curve, and ZFX discusses the pound after the hike to 4%.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.