By Yoruk Bahceli and Naomi Rovnick AMSTERDAM (Reuters) - Investors held tight to bets that banking jitters would rein in the ECB's ability to jack up borrowing costs in the months ahead, as the central
Investors stick to bets on early end to ECB hikes as uncertainty grows | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
All three central banks raised rates by 75 basis points at their last meetings, the ECB for the second time in a row, and the Fed for a fourth. Michaelides said even though central banks say they will continue to tighten monetary policy, because they are doing this more slowly bond yields are lower to reflect the possibility that rates do not actually reach as high a level as policy makers currently intend.
Investors welcomed Rishi Sunak as Britain s new prime minister on Monday, but they re likely to give him little leeway to diverge from spending restraint and tax rises after his predecessor shook.