ECB’s Makhlouf: The era of negative rates is reaching its conclusion

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It is time to move to end of APP next month or in JulyCurrent level of inflation is concerningRealistic to expect that rates are likely to be in positive territory by early next yearECB continuing on a path towards normalisation of policyFor one of the dovish members to come out with such an angle, I think it is rather evident that there has been a perception shift within the ECB. A rate hike in July seems all but a given now. However, despite the many policymakers calling for the end of negative rates, it may yet be a case of one that is too early to call.

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