ECB President Christine Lagarde indicated in a speech that the asset purchases may finish “early” in Q3, and rate of interest hikes may begin “only some weeks” after that.
“We are going to finish internet purchases below the asset buy programme. Judging by the incoming information, my expectation is that they need to be concluded early within the third quarter,” she mentioned.
“The primary price hike, knowledgeable by the ECB’s ahead steering on the rates of interest, will happen a while after the top of internet asset purchases,” she reiterated.
“We have now not but exactly outlined the notion of ‘a while’, however I’ve been very clear that this might imply a interval of only some weeks. After the primary price hike, the normalisation course of can be gradual,” she added.