Economics

War in Ukraine Unlikely to Deter ECB From December Rate Hike

  • Economists predict net asset purchases will end in July
  • Russia’s invasion, inflation seen as biggest economic risks
The European Central Bank (ECB) headquarters in Frankfurt.Photographer: Alex Kraus/Bloomberg
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The European Central Bank will look past threats to economic growth from the war in Ukraine, ending asset purchases in the summer and setting the stage for a first interest-rate increase in more than a decade in December, according to a survey of economists.