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Economy

ECB rate-hike prospects before next downturn are fading

Updated : March 15, 2019 09:02 AM IST

In a poll taken after the ECB said it would offer new long-term loans to banks later this year, nearly 90 percent of economists who answered an extra question also said it would not conduct any more asset purchases until at least the end of 2020.
That comes even though the ECB cut its 2019 growth forecasts to their lowest since polling began for the period, more than two years ago, according to the poll of about 100 economists. Inflation is not expected to pick up to the ECB's target until at least 2022.
ECB rate-hike prospects before next downturn are fading
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