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ECB Expected to Raise Rates by the Fourth Quarter of 2018

That's one quarter later than in the previous survey

A majority of economists in a Bloomberg survey expect the European Central Bank’s first deposit-rate increase by the final three months of next year, a quarter later than in the previous poll, and even that may prove to be optimistic. Governing Council member Ilmar Rimsevics, the head of Latvia’s central bank, said last week that stimulus could continue “for at least a few years.” The ECB’s guidance states that rate hikes will only start well after its bond-buying program ends.

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