ECB Rehn wants first hike in July, rate at zero in Autumn

ECB Governing Council member Olli Rehn said, “We are seeing signs of second-round effects. It’s important that we send a signal that these higher inflation expectations we are currently witnessing will not become entrenched.” It’s “reasonable that we will rather sooner, in my view in July, start raising rates in line with our normalization of […]

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