Socialpost

Complete News World

The European Central Bank sends signals for a rate hike in July

The European Central Bank sends signals for a rate hike in July

In the Eurozone, the first rate hike in the fight against high inflation may come earlier than previously thought. There are several signs from the ranks of the European Central Bank (ECB) that interest rates will be raised early in the summer. “I don’t see any reason why we shouldn’t end the asset purchase program in July,” ECB Vice President Luis de Guindos said in an interview with Bloomberg News published on Thursday.

From today’s perspective, a rate hike in July is also possible. Around the same time as de Guindos, European Central Bank Council member Pierre Wonche made a very similar statement. The Belgian central bank governor, in an interview with Bloomberg, said a rate hike in July is “certainly a scenario I would consider.” But the prerequisite is “another inflation surprise.”