European Central Bank chief signals possible July rate hike

FRANKFURT, Germany (AP) — The president of the European Central Bank on Monday gave the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation. In a blog post on the Frankfurt, Germany-based bank’s website, President Christine Lagarde said she expects asset purchases that buoy the economy would end “very early in the third quarter.” “This would allow us a rate lift-off at our meeting in July, in line with our forward guidance,” she wrote. “
— Read on ca.finance.yahoo.com/news/european-central-bank-chief-signals-191021052.html

Leave a Reply

Your email address will not be published. Required fields are marked *