ECB interest rate

The ECB will be unable to normalize its monetary policy soon

The ECB Will Be Unable To Normalize Its Monetary Policy Soon

The ECB will not start the normalization of its monetary policy in 2019. This is the bet of Philippe Waechter, chief economist at Ostrum AM (affiliated to Natixis AM). He also thinks that the interest rate level will remain stable, that the refi rate and the deposit rate will remain at the current level in 2019.