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17 May 2022

ECB's Centeno: Normalisation of monetary policy is desired and must happen

European Central Bank Governing Council member Mario Centeno said on Tuesday that the normalisation of monetary policy is desired and must happen, reported Reuters.

His remarks come after ECB Governing Council member Klaas Knot told the Dutch TV earlier in the day that a 50 bps rate hike should not be excluded if data in the next few months suggest that inflation is broadening and accumulating. "The ECB needs to normalize policy," Knot added, per Reuters, and reiterated that a 25 basis points rate hike in July would be realistic.

May 17, 2022

EUR/JPY Price Analysis: Scope for extra upside near term

EUR/JPY posts gains for the third consecutive session and manages to reclaim the area above 136.00 on Tuesday. If the recovery picks extra pace, then
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May 17, 2022

Chinese VP Lui He: China will suppport healthy development of the platform economy

Chinese Vice Premier Lui He said during a CPPCC meeting that China will support the healthy development of the platform economy, reported state media
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