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ECB policymakers split on meaning of 'through summer', and on timing of rate hike

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - European Central Bank policymakers are split over when the ECB might raise interest rates next year, with some saying an increase is possible as early as July 2019 and others ruling out a move until autumn, according to several sources.The ECB said last month it expected to keep rates at their current, record-low levels "through the summer" of 2019, wording vague enough to leave the exact meaning open to debate.Investors took the phrase to mean rates would not go up until October or even December of next year. But policymakers speaking to Reuters on condition of ...

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First Published: Wed, July 11 2018. 18:02 IST