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The ECB will go to zero this year, but it has no map beyond that

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Christine Lagarde this week put the European Central Bank on autopilot for two quarter-point rate hikes this year, which will take it to zero for the first time since 2014. Beyond that, there is no way as no one has any idea what the long term stable interest rate applies to the fiscally battered Eurozone.

s Lagarde gave few details in her keynote address on Monday, but earlier her French central banker Francois de Galhau had tried to defuse the debate between the so-called hawks and the more cautious doves over the pace and extent of rate hikes.

https://www.independent.ie/business/the-ecb-will-hike-to-zero-this-year-but-it-doesnt-have-a-map-beyond-that-41689974.html The ECB will go to zero this year, but it has no map beyond that

Fry Electronics Team

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