Economics

ECB Faces Stand-Off With Markets Over Rate-Hike Expectations

Money markets now bet on 10-basis-point rise in September
Officials still insist increases are very unlikely in 2022

The headquarters of the European Central Bank in Frankfurt, Germany.
Photographer: Andreas Arnold/Bloomberg

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By Carolynn Look, Alexander Weber, and Libby Cherry

January 19, 2022 at 12:42 PM UTC

Updated on

January 19, 2022 at 1:57 PM UTC

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The European Central Bank is facing an intensifying stand-off with financial markets over when it will begin raising one of the world’s lowest interest rates.