Policymakers led byLagarde have signalled they would hold fire to assess whether they’ve done enough to return inflation to 2%. — Bloomberg
THE European Central Bank (ECB) will hammer home the message that borrowing costs are set to stay high for an extended period –despite risks to economic growth swirling, according to a Bloomberg poll of analysts.
Respondents don’t see any further interest-rate hikes and predict the governing council will confirm by January that a peak has been reached. They expect the first cut in September, following earlier moves to shrink the balance sheet more rapidly.
