Category central_banks

ECB Defends 25 Bps Rate Hike

Inflation to remain above 3% this year The ECB's recent 25 bps rate hike was defended by Chief Economist Philip Lane, citing strong justification due to inflation risks. Inflation is expected to remain above 3% for the rest of the year, driven by elevated energy price

Silver Falls Near $70.50

Silver price falls to $64.40 due to Fed rate hike odds Silver price extends its losses for the third successive day, trading around $64.40 per troy ounce. The fall in silver prices is attributed to the hawkish sentiment surrounding the Federal Reserve policy.