With price growth surging last month to a record-high 8.1% and broadening quickly, the ECB is rolling back stimulus measures it has had in place for most of the last decade
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Following up on a long-promised move, the ECB said it would end its Asset Purchase Programme, its main stimulus tool since the euro zone debt crisis, and said it would raise rates by 0.25% in July, then move rates again in September, possibly by a bigger margin. "The Governing Council expects to raise the key ECB interest rates again in September," it said."If the medium-term inflation outlook persists or deteriorates, a larger increment will be appropriate at the September meeting."
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