ECB rate hike decision likely around autumn of 2019: Vasiliauskas

Image
Reuters VILNIUS
Last Updated : Jun 18 2018 | 6:25 PM IST

VILNIUS (Reuters) - The wording of the European Central Bank's interest rate guidance suggests a decision on a possible hike around the autumn of 2019, Governing Council member Vitas Vasiliauskas said on Monday.

The ECB last week said it expected its key interest rates to stay unchanged at least "through" the summer of 2019, leaving investors guessing whether it could mean a decision during the summer or only later.

"We said "through the summer", but as traditionally there is no meeting in August, it is obvious that we could talk about September-October," Vasiliauskas told reporters. "I'd say it goes towards autumn."

(Reporting by Andrius Sytas; Writing by Balazs Koranyi; Editing by Toby Chopra)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 18 2018 | 6:18 PM IST

Next Story