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The Independent UK
The Independent UK
National
Via AP news wire

European Central Bank chief signals possible July rate hike

Copyright 2022 The Associated Press. All rights reserved

The president of the European Central Bank on Monday gave the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation.

In a blog post on the Frankfurt, Germany-based bank's website, President Christine Lagarde said she expects asset purchases that buoy the economy would end “very early in the third quarter."

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