
Lagarde to Leave ECB Early on Feb. 7, Setting Off Succession Race
ECB holds rates at 2.5% as president says she cannot remain neutral, with inflation near double target and French bonds in focus.

ECB holds rates at 2.5% as president says she cannot remain neutral, with inflation near double target and French bonds in focus.

A split policy decision in Tokyo weakened the yen and tempered hawkish bets, while falling oil prices helped extend a global equity rally.

Investors see a greater than 90% chance of a move Wednesday — but Chair Kevin Warsh's guidance and the prospect of another hike may matter more than the decision itself.

Price pressures ease from Washington to Wellington, but sticky shelter costs, oil shocks, and trade risks complicate the final mile to central banks' goals.

Milder CPI data and dovish Fed signals trigger a pivot in rate expectations, while corporate and sovereign bond deals surge globally.