ECB ends bond buys, signal 25 bps July rate hike

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By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank ended a long-running stimulus scheme on Thursday and signalled a series of rate hikes that may be scaled up from September if the inflation outlook fails to improve. With inflation at a record-high 8.1% and still rising, the ECB now fears that price growth is broadening out and could morph into a hard-to-break wage-price spiral, ending a decade of anaemic price growth and heralding a new era of higher prices. The ECB said it will end bond buys on July 1 then raise interest rates by 25 basis points later that…

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