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Outlier Economists See ECB Raising Rates as Early as Next Year

  • Banks including Barclays and Nomura see inflation picking up
  • Most economists don’t see rate hikes until well into 2019
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Nolting Says Strong Euro Not in Draghi's Interest

Not everyone is convinced that the European Central Bank will be able to move as slowly as it wants on the path away from extraordinary stimulus.

At least six banks including Nomura International Plc and Barclays Plc predict that President Mario Draghi will raise interest rates as soon as next year. While those forecasts are outliers -- most investors and economists only foresee a rate hike well into 2019 -- a key rationale is that faster-than-expected inflation will force the ECB’s hand.