Out of office

Out of Office: First ECB interest-rate increase in over 10 years; Mandatory face masks on European flights to end

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European Central Bank President Christine Lagarde said a first interest-rate increase in more than a decade may follow “weeks” after net bond-buying ends early next quarter, joining a growing crowd of policy makers signaling a move as soon as July. “The first rate hike, informed by the ECB’s forward guidance on the interest rates, will take place some time after the end of net asset purchases,” Lagarde said on Wednesday. “We have not yet precisely ...