Interest rates will increase by 25 basis points in July and September European Central Bank, predicts Berenberg Bank, as the article published today by Christine Lagarde confirms this assessment made by analysts. The President of the ECB stated that the negative interest rates will probably end by the third quarter, as reported by moneyreview.gr.
“The pigeons are surrendering,” said Berenberg Bank analysts, after what they described as a remarkably clear blog by Lagarde, which effectively announced the ECB’s decisions at its June 9 meeting.
The ECB will put an end to net securities markets as part of its quantitative easing in early July and raise interest rates at its July 21 and September 8 meetings, Berenberg predicts.
Its monetary policy will then depend on the course of the data.
Considering what Lagarde announced confirms its estimates, Berenberg expects 25 basis points increase in interest rates in July, September and December, three more such moves in 2023 and two more in 2024.
From Lagarde’s article, analysts at the German investment firm also conclude that the new normal of low inflation and low growth rates is over for good.
Lagarde acknowledges that in addition to the specific factors currently influencing inflation, more structural and long-term forces will increase inflation over time.
Follow Skai.gr on Google News
and be the first to know all the news
