The European Central Bank has paved the way for a series of rate rises, starting with a quarter-percentage point move in July and raising the prospect of a bigger half-point shift in September.
The ECB said in a statement on Thursday that its governing council “intends to raise the key ECB interest rates by 25 basis points at its July monetary policy meeting”.
It added that, if the inflation outlook persists or deteriorates, “a larger increment will be appropriate at the September meeting”.
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