On Wednesday 11 May, the likelihood of the European Central Bank changing its main policy rates this summer for the first time since 2014 increased again; this change would be in response to soaring prices.
On a trip to Slovenia, the President of the monetary institute, Christine Lagarde, stated that a first rate hike will take place “some time after the end of net asset purchases” via the ‘APP’ operation, while she anticipated the completion of this to be “early in the third...