Whatever haggling takes place between ECB governing council members, Christine Lagarde’s immediate focus will remain on rates. Photographer: David Paul Morris/BloombergEconomists see the European Central Bank lifting interest rates one last time to tame inflation - they’re just not sure it will happen next week.
Economists’ expectations aren’t overly dissimilar to financial-market bets. Traders price a 40 per cent chance of a move next week and see a 70 per cent probability of one materialising by year-end.The results mirror the diverging views on the ECBs governing council as Frankfurt’s most forceful bout of monetary tightening draws to a close.
Whatever the decision, survey respondents say ECB president Christine Lagarde and her colleagues will settle on the appropriate monetary stance, with roughly four-fifths saying the ECB will neither stop raising rates too early nor tighten too far.
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