ECB rate hike seen as 'all but certain' while Bank of Japan signals more hikes to come

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ECB rate hike seen as 'all but certain' while Bank of Japan signals more hikes to come

⚡ Markets: Hawkish signals from major central banks in response to inflation add pressure to global bond markets (higher yields) and equities (higher discount rates). Continued BOJ tightening is a headwind for carry trades and bullish for the Yen.EURUSDUSDJPYDE 10Y Yield

An upcoming ECB interest rate hike is viewed as nearly guaranteed by markets as the central bank contends with inflation stoked by the Middle East conflict. Concurrently, Bank of Japan board member Masu stated the BOJ will continue to raise its benchmark rate to cap inflation at its 2% target.

West MSM: noneFinancial press 4Primary source 3Non-West State 1Regional 26 countries

10 sources across the spectrum

Financial pressCNBC — An ECB rate hike is ‘all but certain’ — but investors divided on what comes next

Financial pressBloomberg — BOJ’s Masu Says Will Continue to Raise Benchmark Rate

Primary sourceBank of Japan — Economic Activity, Prices, and Monetary Policy in Japan

Primary sourceBank of Japan — Speech by Board Member MASU in Fukui (Economic Activity, Prices, and Monetary Policy in Japan)

Financial pressThe Economist — Europe gets set for higher interest rates

Primary sourceECB — Christine Lagarde: The choice facing Europeans

Non-West StateGlobal Times — GT Voice: Rate hike bets expose US-Japan rift over yen stabilization efforts

RegionalPAP — RPP utrzymała stopy proc. na niezmienionym poziomie - referencyjna 3,75 proc., zgodnie z oczekiwaniami

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