Maintains the ECB low interest rate to increase inflation – economic news of the day

Maintaining interest rates at historically low levels as long as necessary to raise inflation has been accepted by the European Central Bank.

According to the minutes of the last meeting of the ECB, its directors told the markets that interest rates will remain stable "until the summer of 2019," following their announcement. last month last – that she will stop in December program buying bonds worth 2.6 trillion.

However, officials felt the need to point out at the meeting that interest rates will only change if inflation continues to reach the ECB's objective of & # [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[39justunder2%

However, European Central Bank officials have argued that the progress of the rise in inflation is substantial and that they believe that rising prices will continue towards the goal of the bank.

Markets are betting today that the first interest rate hike will take place in October (2019), but expectations have fluctuated sharply between July and December in recent weeks, indicating increased uncertainty [19659002] that they "expect" that bond purchases cease in December, they also noted that, given the uncertainty that exists, it is prudent to make the closing the market more dependent on recent developments