EUR/GBP Tumbles—Is the ECB About to Drop a Monetary Policy Bombshell That Could Shake Markets?
At the same time, household inflation expectations across the Eurozone have eased back to pre-pandemic levels, offering the central bank more room to stay on hold. Altogether, the data supports the view that the ECB is done with aggressive easing for now, opting instead for a wait-and-see approach
Meanwhile on the other side, Bank of England (BoE) Governor Andrew Bailey struck a measured tone in his latest parliamentary testimony. Speaking to the Treasury Committee on Tuesday Bailey pushed back against UK Chancellor Rachel Reeves’ recent calls to ease post-financial crisis banking regulations. He defended the current framework particularly rules like the ring-fencing of retail and investment banking warning that loosening these safeguards could risk a repeat of the 2008 financial crisis.
Post Comment