The ECB said it intends to raise interest rates twice in the next three months, but that doesn’t mean rates will go as high as investors think, jonsindreu explains WSJWhatsNow
End of unconventional monetary policy is now a done deal. It doesn’t mean rates will go as high as investors think.
European Central Bank President Christine Lagarde said Thursday that the bank intends to raise interest rates at its next policy meeting in July and again in September to help tackle persistent inflation. Photo: ANP/Zuma PressThe sight of the European Central Bank committing itself to raising interest rates twice in the next three months is a rare one. Even after scoring a first victory, though, hawks shouldn’t get too ahead of themselves.Thursday it intends to raise interest rates by 0.
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