Christine Lagarde will explain the Governing Council’s decision on Thursday.
(Photo: AP)
Frank Wiebe Benjamin Dietrich gets to the heart of the uncertainty. “It’s a coin toss,” replied the co-bond chief of asset manager Lazard Asset Management when asked whether the European Central Bank (ECB) would raise interest rates again on Thursday or take a break this time.
Jumana Saleheen, chief economist for Europe at the US fund company Vanguard, comments on the situation in a very similar way. “This will be a close decision for the ECB, and there are likely to be clear differences of opinion.” The members of the ECB Shadow Council, an expert forum moderated by Handelsblatt, also make different forecasts on this question.
Seldom have markets and experts been so divided shortly before an interest rate decision as they were this week. Three options are conceivable for Thursday’s Council meeting – this also shows how difficult the decision will be for ECB President Christine Lagarde and the entire ECB Council.
Option 1:
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