The European Central Bank (ECB) could postpone a much-anticipated interest rate hike if the economy continues to decelerate, the incoming President of the Belgian Central Bank Pierre Wunsch said on December 17.
The ECB is unwinding its €2.6 trillion bond-buying programme but it will continue to reinvest income from maturing bonds in the sovereign debt market. The current plan should, however, see the end of the fiscal stimulus altogether by the end of 2019 and gradual interest rate rises.
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|