The euro is back in the game! What will the week bring?

European Central Bank last week decided to raise interest rates by as much as 75 bp. - the most in the history of the bank so far. During only two ECB meetings, European interest rates were raised by as much as 125 bp. However, the press conference itself following the monetary decision initially took on a dovish style - the ECB intends to continue reinvesting proceeds from its bond portfolio. Christine Lagarde admitted, however, that her bank is far from the level of rates that could bring inflation down to the target, and the market is assuming 5 more ECB hikes.

Inflation in focus

Also in Poland we had to deal with a monetary decision - the MPC raised the interest rates by 25 bp, as expected. However, everyone's eyes are directed towards Federal Reservewhich will have to make its decision on the level of interest rates next week. It seems that its shape will largely depend on the latest August data on inflation in the United States. Fall in prices on the commodity market, especially the situation on the chart oil hope that Tuesday's reading will support the stock market bulls.

We invite you to a webinar with the Chief Economist XTB Przemysław Kwiecień, PhD, in which he will focus on the key topic of the last few days - the euro is back in the game.

In today's video:

• When is the dollar peak? What's next for the euro?
• Energy crisis - is there a price peak on us?
• Are the valuation of MSCI Emerging Markets stock attractive?

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In addition, due to the very dynamic situation in the world, additional ones will be made available raports Video on the impact of war, pandemic and economic crisis on the global economy.

About the host

Dr Przemysław Kwiecień - Chief economist X-Trade Brokers. Doctor of Economics at the University of Warsaw, graduate of the University of Warsaw and London Metropolitan University (MSc). Holder of the prestigious CFA certificate. He has been working for XTB since 2007, previously he gained experience as an advisor to the Minister of Finance, Mirosław Gronicki, and an economist at Bank Millennium. At XTB, he manages the Analysis Department.

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