No surprises: another hike from the ECB

No surprises: another hike from the ECB

No surprises: another hike from the ECB – On Thursday, the ECB announced a 75-bp interest rate hike, taking its benchmark deposit rate to 0.75%, aiming at ensuring “the timely return of inflation to the ECB’s 2% target”. Moreover, according to its statement,...
Italian Debt Sells Off as Draghi Resigns

Italian Debt Sells Off as Draghi Resigns

Italian Debt Sells Off as Draghi Resigns Italian financial markets sold off on Thursday as Prime Minister Mario Draghi’s resigned, bringing an end to a national unity government seen to have had a rare opportunity to bring stability and unlock the nation’s economic...
Euro vs US Dollar: PARITY!

Euro vs US Dollar: PARITY!

Euro vs US Dollar: PARITY! On Wednesday morning, the Euro hit parity with the US Dollar, as the two currencies had a 1:1 exchange rate. This was the first time since 2002, when the Euro was still a relatively “young” currency. Why? There are many reasons for the...
Spanish inflation

Spanish inflation

Spanish inflation  Spanish inflation surges to 37-year high at 10% Consumer prices in Spain rose at their fastest rate for 37 years in June, according to data released on Wednesday. Spain’s harmonised index of consumer prices rose to 10% in June, up from 8.5 per cent...