[5 books this morning]Carefully selected news to read at the beginning of work –Bloomberg

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Europe is currently experiencing record high temperatures and dryness,In northern Italy, the water level of Po, the country’s largest river, is the lowest in 70 years. There are concerns about the impact on grain and hydropower.Under these circumstancesLast week, the French nuclear power plant was able to generate less than half of its full capacity, according to Bloomberg estimates. The background is the lengthening of the maintenance period due to aging. With Russia’s invasion of Ukraine, the energy supply and demand has become tight, and the future is uncertain. Below are five news items to keep in mind as you start your day.

Significant rate hike suggestion

The Bank of England (British Central Bank) said it needed to raise interest rates more aggressively to stop the pound’s depreciation, which boosts inflation.A member of the Mann Monetary Policy Committee (MPC) insisted. According to the manuscript of the lecture, the upward pressure on domestic prices is likely to be stronger than previously expected. He cited the government’s economic support measures, strong employment, large bonus payments, the strong housing market, and the accumulated savings of consumers. On the other hand, he also suggested that rate cuts may be necessary after the current tightening cycle.

25bp and Mr. Lagarde in July

European Central Bank (ECB)Lagarde reiterated his intention to raise rates in July and September, stating that the authorities’ stance to curb inflation will remain the same despite growing concerns over tensions in financial markets. He said he “will raise the policy rate by 25bp” for the July meeting.Also of the members of the ECB Policy CommitteeCentral Bank Governor Kazarks Latvia told Bloomberg that while the ECB is ready to respond to unjustified financial market movements, it also needs to be prepared to stay abreast of market turmoil associated with the exit from negative interest rates. ..

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