Will ECB Stand Up to German Resistance?

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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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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