+++ ECB news blog +++: ECB is keeping interest rate hikes open this year – Lagarde warns of the consequences of an energy embargo against Russia
Anyone wanting more clarity on the timing of a first rate hike hoped for will probably be disappointed today. According to the ECB’s orientation, interest rates should “just after” the end of net bond purchases be raised. Net purchases will end sometime in the third quarter. However, Lagarde does not want to specify what “shortly after” means. “It can mean a week or several months”.
She said that back in March.