Daily Management Review

ECB sets to discuss raising interest rates


03/20/2018


The European Central Bank (ECB) officials set to discuss expected interest rates as the biggest part of the board of governors believe that voluminous bond purchases ought to be completed in 2018, reports Reuters.



blickpixel via pixabay
blickpixel via pixabay
The officials are glad with forecasts for the market, particularly with rate hike expectations that is expected to occur in the middle of the next year. Thus, the future interest rate is now drawing increasungly more attention. A part of the monetary policy makers believes that the expectations should be limited as the inflation recovery is still slow.

The European Central Bank is going to continue purchase assets of € 30 billion every month until the middle of the autumn. The bank believes that the program then may be stopped.

"I don't believe there are any serious reasons for yet another prolongation," Reuters quotes one of the sources, "However, we should be careful with regard to our expectations towards rates, particularly considering currency and trade risks."

Sources say that the main decision to continue the bonds bonds purchasing policy after September ican be adopted late, for instance, in the middle of the summer.


source: reuters.com






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