(Bloomberg) — Europeans returning from their summer breaks will find a more fragile economy that risks buckling under the threats of energy rationing, record inflation and tighter monetary po…
Europeans returning from their summer breaks will find a more fragile economy that risks buckling under the threats of energy rationing, record inflation and tighter monetary policy.
Data in the coming week will be key ingredients for discussions on where monetary policy is headed after the European Central Bank raised rates by half a point in July and signaled “further normalization” in September without pre-committing on the size. The ECB’s next meeting is less than three weeks away, and most policy makers have yet to express their preferences.
Iceland’s central bank is expected to raise its key rate by 75 basis points to 5.5%, keeping it ahead of developed-nation peers in tightening as a housing boom there keeps fueling price growth. Policymakers raised rates by 75 basis points in July for the second straight meeting and have said that a similar hike could be on the table again — or potentially a smaller, half-point move — depending on the data.
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