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ECB rate hikes in July, Sept, likely a done deal: Villeroy

European Central Bank rate hikes in July and September are essentially a done deal, French policymaker Francois Villeroy de Galhau said on Monday, just hours after ECB chief Christine Lagarde made the case for the moves.

“If you look at President Lagarde’s statement this morning, the deal is probably done because there is a growing consensus,” Villeroy told a panel at the World Economic Forum.

Earlier on Monday Lagarde said that rate lift-off in July was likely and the minus 0.5% deposit rate could be out of negative territory by the end of the third quarter.
Source: Reuters

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