(ANSA) - ROME, MAY 03 - The central banks' war against inflation goes on without second thoughts.
The Fed continues with hikes of a quarter of a point, and tomorrow the ECB could follow it on the same path if the mediation between the hawks and doves is successful, discarding the hypothesis of a higher hike.
The latest data on nominal inflation which reared its head in April did not move the internal board debate much, which remains anchored at the starting point: core inflation is still too high and the best way to fight it remains interest rates interest.
However, if a pause is expected for the Fed which the European Stock Exchanges appreciate by closing positive, for Frankfurt the fastest cycle of increases since the post-war period could also continue in June, defying the fears of a recession and the repercussions on highly indebted countries, such as Italy, destined to see them avoid his interest expense even further.
(HANDLE).