The opposite line was taken by the Austrian central banker, Robert Holtzmann, the vice-president of the ECB, Luis de Guidos, who in his statements stressed that the bank must first close its shopping program and then raise interest rates.
Earlier in the day, Mr Holtzmann said he was in favor of raising interest rates in the summer, before the ECB’s markets close.
However, according to Reuters, de Guido stressed that the ECB will review the data and, if necessary, adjust its purchasing program again, before making a decision on interest rates.
“We will look at the (macroeconomic) data, the forecasts and then, if necessary, we will adjust the asset markets and see when interest rates can be raised,” de Guidos said at an economic event in Madrid.
It is noted that the head of the Bank Christine Lagarde has stressed that the interest rate hikes will come after the end of its purchases.
The next meeting of the ECB is on March 10 and analysts are waiting for the central bank to confirm that the rate hike will come after the completion of the markets. They are also expected to confirm the end of the markets in the third quarter, paving the way for an increase in interest rates before the end of 2022.
Source: Capital
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