Central bank chief Christine Lagarde referred several times on Thursday to the next meeting in March.
(Photo: AP)
Berlin, Frankfurt, London The European Central Bank (ECB) has postponed the fight against inflation until March. The central bank made no new decisions on Thursday. This means that although the bond purchases from the central bank’s Corona emergency program will come to an end in March, other purchase programs will continue indefinitely for the time being.
However, ECB President Christine Lagarde no longer explicitly ruled out an end to these bond purchases in the current year, and this could mean that the first interest rate hike could take place as early as 2022. She referred to the regular new ECB inflation forecasts due in March, on which new decisions should depend.
Lagarde had previously described a rate hike in the current year as “very unlikely”. In January, however, inflation in the euro zone rose again unexpectedly to 5.1 percent. It was the strongest price surge in the history of the euro.
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