The ECB is preparing to hike rates “at the July meeting” in order to “be able to get out of negative interest rates by the end of the third quarter”. This was stated by the president of the central institute Christine Lagarde in a post published in the ECB blod according to which the normalization policy “will be gradual”.
Net purchases of the App program on public and private securities “will end at the beginning of the third quarter”. Lagarde’s words therefore indicate two rate hikes: at the July meeting and at the September meeting after the summer break. Currently the ECB and deposit rate is -0.5%.
The president of the ECB insisted in her article how each move will be guided by three key concepts: gradualness, optionality, flexibility. (HANDLE).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
