Central Banks
BOE Digs In as Relief Emerges for Fed, ECB
- Markets brace for more UK rate hikes as Fed signals a pause
- UK workforce dropouts to blame for fanning wage-price spiral
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Britain will be the last advanced economy locked in a pitched battle against inflation, if market bets are any guide.
Money markets suggest the US Federal Reserve has done all it needs to stabilize prices after Wednesday’s quarter point interest rate hike 5.25%. They anticipate the European Central Bank, a late starter, will raise rates twice more – stopping at 3.75% after Thursday’s quarter point increase to 3.25%.