๐จ ECB WARNS OF FURTHER RATE HIKES DUE TO OIL! ๐ข๏ธ๐ถ
The ECB Governing Council member, Martin Kocher, issued a stern warning: if oil remains close to $100 per barrel by year-end, the central bank will have to raise interest rates even more ๐๐ฅ
After applying this Thursday the second increase in borrowing costs, the ECB emphasized that inflation worsened following the collapse of the U.S.-Iran deal, an event that sent crude up more than 45%.
Market impact:
๐ฆ ECB in 'Hawkish' mode: Tensions in the Middle East are imposing prolonged inflationary pressure on Europe.
๐ช Venture capital response: Tighter global liquidity often pressures stocks and the crypto market in the short term.
$SHEL.US
The ECB Governing Council member, Martin Kocher, issued a stern warning: if oil remains close to $100 per barrel by year-end, the central bank will have to raise interest rates even more ๐๐ฅ
After applying this Thursday the second increase in borrowing costs, the ECB emphasized that inflation worsened following the collapse of the U.S.-Iran deal, an event that sent crude up more than 45%.
Market impact:
๐ฆ ECB in 'Hawkish' mode: Tensions in the Middle East are imposing prolonged inflationary pressure on Europe.
๐ช Venture capital response: Tighter global liquidity often pressures stocks and the crypto market in the short term.
$SHEL.US
