The European Central Bank is expected to increase its key interest rates by 50 basis points at least three times in a row, according to an unnamed source from the bank cited by Econostream Media on Friday.
Commenting on the outlook following the ECB's 50 bps rate hike from yesterday, the insider confirmed it's clear that another 50 bps increases are coming in February and March. The ECB's monetary policy will become restrictive after the hike in February, he added.
The next meeting of the Governing Council is scheduled for February 2, a day after the preliminary Eurozone inflation data for January comes out.
