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MNI BRIEF: ECB July Rate Hike 'Possible' - De Guindos

(MNI) London
(MNI) London

ECB Vice President de Guindos says 'possible' APP could end in early July, followed swiftly by first rate hike.

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The European Central Bank will end asset purchases in the third quarter and that could just as easily be early July as late September, Vice President Luis de Guindos said in an interview with Bloomberg published Thursday. opening the possibility of a first rate hike in the eurozone since 2012 as early as the July 22 meeting.

"We were clear that we are going to end the APP in the third quarter of this year. Whether it happens at the start or the end is essentially fine-tuning monetary policy... Having said that, at the moment I see no reason why we should not discontinue our APP programme in July," he said.

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The European Central Bank will end asset purchases in the third quarter and that could just as easily be early July as late September, Vice President Luis de Guindos said in an interview with Bloomberg published Thursday. opening the possibility of a first rate hike in the eurozone since 2012 as early as the July 22 meeting.

"We were clear that we are going to end the APP in the third quarter of this year. Whether it happens at the start or the end is essentially fine-tuning monetary policy... Having said that, at the moment I see no reason why we should not discontinue our APP programme in July," he said.

Keep reading...Show less