Central banks to take rates higher, not lower, in 2023 – BMO CentralBanks InterestRate Banks Inflation
Core inflation will prove to be more persistent
“Given our view on core inflation, we believe the main story is that there will be no scope for rate cuts in the year ahead, and that central banks will maintain these relatively high rates until underlying inflation is truly cracked – and that process will take time. We don’t look for rate relief until 2024.”
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trim Pickings: 2023 Nissan Rogue vs. 2023 Toyota RAV4The base models of the Nissan Rogue S and Toyota RAV4 LE are priced within $255 of each other, making for very close competition. Both of these models are well equipped with feature highlights that include LED headlights, tinted rear windows, cloth upholstery, satellite radio, and Apple CarPlay and Android Auto compatibility. On the safety front, both SUVs include a forward collision warning with automatic emergency braking system and automatic high-beam headlights.
Read more »
Turkey’s central bank completes first CBDC test with more to come in 2023The Central Bank of the Republic of Turkey (CBRT) has shared the latest progress of its CBDC project, the Digital Turkish Lira Project, with plans to expand the pilot in 2023.
Read more »
Analyst: Gas prices expected to be lower in 2023You might pay less at the pump next year, but don't be surprised if the average price for gas skyrockets to $4 a gallon by summer.
Read more »
EUR/CHF seen lower at 0.9200 by end-2023 – JP MorganAnalysts at JP Morgan offer a negative outlook for EUR/CHF for the year 2023, with a target of 0.95 in Q1 2023 and 0.92 by the end of 2023. Key quotes
Read more »