To rise or not to rise? ECB announces interest rate update

To rise or not to rise? ECB announces interest rate update
Central Bank chief also a contender for ECB chief economist role. Pic: Getty

If growth and inflation in the eurozone continue their upward trend, rate hikes must surely follow

The ECB will announce its updated interest rate on Thursday, June 14. For four years, the ECB has supported the European economy with policies of negative rates and quantitative easing (QE). This monetary medicine has worked, helping eurozone unemployment fall from 11.5 per cent to 8.5 per cent over this period with about 7 million jobs created.

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