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ECB can lift deposit rate to get hikes rolling - Nowotny

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - The European Central Bank could raise its deposit rate first before moving its main interest rate later, policymaker Ewald Nowotny said on Tuesday, sending the euro higher and drawing an unusual rebuttal from the ECB.Nowotny told Reuters in an interview that the ECB's 2.55 trillion euro ($3.1 trillion) bond-buying programme would be wound down by the end of this year, which would then pave the way for the first rate rise since a fumbled move in 2011.He called on the ECB to get on with the process to ensure it can take a gradual approach, and to start with the ...

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First Published: Tue, April 10 2018. 22:54 IST
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