ECB’s high-wire act to deliver rate liftoff enters final stretch ...Qatar

The European Central Bank’s bid to engineer its first interest-rate hike since 2011 without causing the euro to splinter is about to take on new momentum. Now officials have seen June’s record inflation reading, judged to be pivotal for their next monetary move, they’ll convene on Wednesday for the final scheduled opportunity to prepare for their two-day meeting starting July 20. With all the major eurozone data out in the open, and key gatherings including an annual retreat out of the way, policy makers can focus on haggling over the size of rate hikes and the design of an anti-crisis measure. The question of 25 or 50 basis points – already controversial – would have been the main issue b

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ECB’s high-wire act to deliver rate liftoff enters final stretch ...Qatar

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