Rate Hike in July Possible, But Not Certain, Says ECB's Ordóñez

European Economy | Written by CEP News | Jun 27 08 08:21 GMT |

(CEP News) Frankfurt - European Central Bank Governing Council member Miguel Ángel Fernández Ordóñez reiterated to reporters in Rome, Italy on Friday that, while a rate increase in July was possible, it was not a certainty.

Ordóñez also emphasized that no signals were given regarding rate increases after the July 3 Council meeting.

"We said nothing beyond July. The only thing we said was referring to the next meeting," Ordóñez said. "We've said that crystal clear.''

By Todd Wailoo, twailoo@economicnews.caThis email address is being protected from spam bots, you need Javascript enabled to view it

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