The European Central Bank (ECB) would be best placed to rebuff fresh cries from German advocates to lift interest rates and end its bond buying program, according to a euro zone economist.
The latest euro zone inflation figures released on Wednesday showed an uptick of its yearly rate by 0.5 percent to 1.1 percent, its highest level in three years. The jump in consumer prices resulted in revived calls from Berlin for the ECB to strongly consider an interest rate hike.
“It is time for a normalization… Now a change in interest rates is doable,” Stefan Bielmeier, chief economist at DZ Bank, told German newspaper Bild daily.
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