Major central banks set to signal interest rate glide path in crucial week for monetary policy
Publishing timestamp: 2023-02-01 01:50:42
Summary
This week, the Federal Reserve, European Central Bank, and Bank of England are all expected to raise interest rates. Economists will be watching policymakers' rhetoric closely for clues on the path of future rate hikes this year, as the three major central banks try to engineer a soft landing for their respective economies without allowing inflation to regain momentum. Goldman Sachs expects a 0.25 percentage point rate hike on Wednesday, followed by two further rises of the same scale in March and May. The ECB is expected to raise its deposit rate to 2.5%, and the Bank of England is expected to raise its rate to 4%.
Sentiment: NEUTRAL
Tickers: GS,
Keywords: markets, central banking, u.s. economy, business news, inflation, investment strategy, goldman sachs group inc, economy,