• It has been a rough few weeks on financial markets 
• Thus, the optimism in markets earlier in the summer that slowing economic growth would lessen the amount of rate tightening that central banks need to do has been crushed in recent weeks
• Continuing robust labour market data have provided central banks with a window to continue to tighten policy aggressively in the coming months
• Not only that, the US Fed in particular has been indicating that rates will need to be kept higher for longer to squeeze inflationary pressures out of the system
• This week, all eyes will be on the ECB monetary policy meeting on Thursday 
•  Recent hawkish rhetoric from a number of Governing Council members, suggest the ECB may choose to continue frontloading rate hikes as it moves to normalise monetary policy.
•  In terms of data releases next week, there is a relatively quiet schedule ahead

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