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JPMorgan Pushes Back Forecast for ECB Rate Hike on Slower Growth

January 12, 2019
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JPMorgan Pushes Back Forecast for ECB Rate Hike on Slower GrowthThe economists pushed back their forecast for the first increase to December from September and lowered their “underlying” growth prediction for this year to 1.5 percent from 2 percent, according to a note on Thursday. JPMorgan is the latest bank to predict a delayed start of rate hikes with some economists expecting that the lift-off won’t begin until early 2020. The ECB has stopped expanding its 2.6 trillion euro ($3 trillion) asset-purchase program this year and expects to keep rates at current record lows through the summer.




from Yahoo News - Latest News & Headlines https://yhoo.it/2SLo1Lo
via Yahoo News

12Jan2019

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