Communication · Investment news

ECB flags July hike, hedges medium-term policy bets

Christine Lagarde in a 22 May appearance on Dutch television. Photo: ECB via Flickr CC BY 2.0

The European Central Bank now is convinced that it will raise its benchmark eurozone interest rate at its 21 July monetary policy meeting and said it expects that its interest rates will no longer be negative by September. Its latest statement also indicates that the ECB is hedging its bets for upcoming medium-term policy moves in order to to add to its flexibility to act. 

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