Central banks continue hawkish stance
Wall Street was quick to fade yesterday’s post-FOMC rally as the other major central banks are turning very hawkish with their respective inflation battles. Traders paid special attention to a surprise rate hike by the SNB, which paved the way for more increases in the foreseeable future. The BOE also took rates to the highest levels since 2009 and will likely not be easing up anytime soon with their tightening cycle.
16-06-2022 17:08 GMT
by Edward Moya
