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Western Europe May 23, 2022 / 02:59 pm UTC

ECB Lagarde Forecasts End to Negative Rates But Where is Neutral

By Andrew Wroblewski
After what will presumably be a 25 bp hike in July, President Lagarde used an ECB blog to suggest another such move at the September meeting, so that the ECB will exit negative interest rates by the end of the third quarter. The use of blog is clearly designed to send a strong signal to markets, both the initial size and expected longer-term speed of moves