Meet Philip Joos

11 September 2023Economics & Growth | Europe | Monetary Policy & Inflation

ECB Policy Transmission Suggests More Hikes Needed

Henry Occleston, Philip Joos

Policy transmission (breadth and speed) is a vital factor for the ECB in deciding whether to hike further. Our analysis suggests hikes have a broad impact on bank cost of capital and cost of corporate borrowing, but most of this has already fed through.