ECB Unwinding

Christine Lagard, president of the #ecb, announced on her blog yesterday that European Central Bank will start its balance sheet reduction and will abandon negative interest rate policy. Net asset purchase will end in early September and rates will start going up in July. With the #fed raising rates potentially by 50-75 bps in June and #ECB tightening as well, it’s going to be an interesting summer.

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Source: https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog220523~1f44a9e916.en.html