August 28th, 2020
Key points:
- The ECB governing council is leaning towards the hawkish side due to high inflation and pressure.
- There are problems in the Eurozone, including rising interest rates and the need to remove liquidity from the system.
- The Rhine River falling is a problem, but there are other issues related to liquidity.
- The Eurozone market implies an increase in overnight rates.
- There are expectations of rate cuts in 2024, but the speaker disagrees.
- PPI in Germany is a significant concern, with negative month-on-month and low year-on-year growth.
- Natural gas prices are rising, impacting profitability in petrochemicals and fertilizers.
- Europe is still facing inflationary pressures that are unlikely to reverse in the near term.
Main topics: ECB, Europe, inflation, interest rates, liquidity, Rhine River, PPI, natural gas prices, profitability, inflationary pressures.
#ECB #Europe #inflation #interestrates #liquidity #RhineRiver #PPI #naturalgas #profitability #inflationarypressures
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