Will the ECB shed light on its ‘anti-fragmentation’ tool?
The European Central Bank has widely signalled its plans to raise interest rates this month for the first time in more than a decade, as it battles record eurozone inflation that has triggered a worsening cost of living crisis.
Economists are expecting a 0.25 percentage point increase in eurozone borrowing costs at the conclusion of Thursday’s monetary policy meeting, taking the ECB’s main deposit rate to minus 0.25 per cent.
The central bank has also indicated that a larger rise may be necessary in September, unless the inflation picture drastically improves. Eurozone consumer price growth hit 8.6 per cent in the year to June.
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