PRAGUE, March 30 (Reuters) – The European Central Bank (ECB) could raise interest rates towards the end of the year barring a “dramatic” escalation in the war in Ukraine, Peter Kazimir said on Wednesday. , member of the Governing Council of the ECB.
The president of the institution, Christine Lagarde, reaffirmed on Wednesday that the ECB wanted to end its bond purchases in the third quarter, a prerequisite for any rate hike.
But the ECB has not yet put forward a date for a rate change, although some of its more conservative members, including Robert Holzmann, are arguing for a hike this year.
Peter Kazimir said he wants to get out of a negative rate environment within a year.
The interest rate on the deposit facility, one of the three key rates of the ECB, is currently -0.5%. (Report Robert Muller, written by Balazs Koranyi, French version Laetitia Volga, edited by Nicolas Delame)
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