One Year After Liftoff, ECB Grapples With Endgame for Rate Hikes
- Quarter-point increase is widely expected this Thursday
- September move to depend on data; even hawks won’t commit
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A year after the European Central Bank began lifting interest rates, officials are thrashing out the final stages of what’s already their toughest-ever campaign of hiking.
Policymakers gathering this week in Frankfurt are poised to unveil another quarter-point increase in the deposit rate, to 3.75%, on top of the 400 basis points of monetary tightening enacted since last July.