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Lagarde, rate hike a few weeks after the stop of purchases

2022-05-11T08:42:41.881Z


The president of the ECB: 'Monetary policy normalization will be gradual' (ANSA) The ECB should conclude the net purchases of securities "at the beginning of the third quarter" and the first rate hike will take place some time later: "this can mean a period of a few weeks". This was stated by ECB President Christine Lagarde in Ljubljana. After the first rate hike, "the normalization process will be gradual," she added. Inflation prospects are changing in the medium term - the


The

ECB

should conclude the net purchases of securities "at the beginning of the third quarter" and the first rate hike will take place some time later: "this can mean a period of a few weeks".

This was stated by ECB President

Christine Lagarde

in Ljubljana.

After the first rate hike, "the normalization process will be gradual," she added.

Inflation prospects are changing in the medium term - the president said - in the face of structural factors such as supply bottlenecks that the war has exacerbated, but which will remain.

And in the face of this scenario "it is right that monetary policy returns to a more normal order".

Christine Lagarde explained that

underlying inflation measures "are almost all above 2%"

and the global economy appears poised to face "further negative supply shocks and cost pressures", even in the face of necessity. to "accelerate the green transition as a means of reducing dependence on hostile actors".

Source: ansa

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