Economics
ECB Rate at Zero or More by Year End a ‘No Brainer,’ Wunsch Says
- War would have to cause ‘very big’ shock to change policy path
- Belgian official says he’s ready to consider July rate hike
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The European Central Bank could lift policy rates above zero before the end of the year unless the euro-zone economy suffers a severe shock, and it might even have to deploy “restrictive” policy to get surging prices under control, Governing Council member Pierre Wunsch said.