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IMF expects ECB to raise rates by half a percentage point in 2026
The European Central Bank should lift its key interest rate twice this year to combat an energy-driven inflation surge, but should then reverse these moves in 2027, the International Monetary Fund’s European Department chief said on Friday. “Under our reference scenario, we would expect the ECB to raise rates by about 50 basis points in 2026 in order to maintain a neutral monetary stance,” Alfred Kammer, the head of the IMF’s European Department, told Reuters. “Then, in 2027, rates could come down again. If you want to keep the real policy interest rates constant, you would need to increase the nominal ... (full story)
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Iran’s Foreign Minister Araghchi: Passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire. In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran.
IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!
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