ECB's Lagarde: APP should be concluded early in Q3

• First rate hike will take place "some time" after end of net asset purchases
• "Some time" could mean a period of only a few weeks
• After the first rate hike, the normalisation process will be gradual
• It looks increasingly unlikely that the disinflationary dynamics of the past decade will return
• As a result, it is appropriate for policy to return to more normal settings
• Full speech

She's not being explicit about it but I would argue that the fact she isn't denying the more aggressive stance put out by the more hawkish policymakers is rather telling. All signs point towards a July rate hike now surely and inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term data will likely support that. But as for a move back towards zero, that remains to be seen.