BERLIN (Reuters) – The European Central Bank expects interest rates to stay at their current level through the summer of next year and while monetary normalization has started, it is gradual, ECB board member Benoit Coeure told Germany’s Taggespiegel.
“We expect interest rates to stay at the current level at least through the summer of 2019. But we have already started to reduce our net asset purchases and anticipate to end them after the end of December,” Coeure told the paper in an interview released on Sunday.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com