HWWI Sees ECB Repo Rate at 2 Percent This Year, Focus Reports

Thomas Straubhaar, head of the Hamburg-based HWWI economic institute, said the European Central Bank is likely to raise the repo rate two to three times this year to as much as 2 percent, Focus magazine reported in a preview of an article to be published next week.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net;

To contact the editors responsible for this story: Angela Cullen at acullen8@bloomberg.net

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