ECB, today we decide on an increase in interest rates. Waiting for Lagarde’s words

The President of the Bank in a press conference at 2.30pm. To fight inflation, following the Fed’s footsteps, a new increase is expected (+0.50%), which should be followed by another in March

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There is anticipation for the press conference in which the president of the European Central Bank, Christine Lagarde, will comment on Frankfurt’s decision on a new increase in interest rates. The appointment is for 2.30pm. A close, in fact, is already expected by all. Even Europe, following in the footsteps of the Fed, should push further on rates in the fight against inflation. Analysts are betting on a +0.50%, followed by at least one other operation of the same size in March.

Inflation in Europe

According to the latest flash estimate by Eurostat, inflation is reportedly falling: we are talking about +8.5% in January, down from 9.2% in December. Among the individual components, the figure for energy prevails (17.2%, compared to 25.5% in December). However, the value is too high and exceeds by at least four times the target of the Eurotower, set at 2%. In the second half of 2022, the ECB raised rates by 2.5 percentage points in an attempt to appease the race in prices, which had shot up to 10.6% in October.

The European Stock Exchanges

The European stock markets continue to rise in the session on the upside, after indications on the slowdown in inflation. While investors await the ECB’s moves, Milan rises to +1.1%. Paris (+1.1%), Frankfurt (+1.6%), Madrid (+1.2%) and London (+0.5%) also performed well.