ECB president: interest rate hike in July

European Central Bank (ECB) President Christine Lagarde has again held out the prospect of interest rate hikes in the near future. “We intend to raise the key ECB interest rates by 25 basis points at our monetary policy meeting in July,” Lagarde told the European Parliament’s Economic and Monetary Affairs Committee on Monday. Another rate hike should then come in September. Monetary policy is likely to be gradually normalized after that.

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