Lagarde

Inflation is coming down on both sides of the channel, but while headline rates are dropping thanks to base effects, services price inflation in particular looks sticky. In Europe, the August flash HCOB PMI reports were a huge negative surprise, with the plunge in services confidence seemingly destroying the hope that strong domestic demand will

European Central Bank President Lagarde spoke in an interview with French media outlet Le Figaro published on Sunday. In brief: “I hear some people say that the final rate hike will take place in September. There could be a further hike of the policy rate or perhaps a pause.” “Inflation is undoubtedly falling” “The second