The European Central Bank (ECB) has announced that it will raise the deposit rate by 0,75 percentage point. However, more interest rate hikes are in the pipeline in the coming period, says Joost Derks, head of desk at iBanFirst, to Eric de Lijster in the podcast Boerenbusiness Currencies. Derks analyzes these interest rate steps and their effect on inflation and the economy. Other topics include the euro/dollar exchange rate, the drama in the United Kingdom, the re-election of Xi Jinping in China and a preview of currency developments in 2023.
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