ECB likely pairs rate hike with open-ended guidance on Thursday
State Street Investment Management’s Konrad Kleinfeld says the ECB will likely combine an anticipated interest-rate increase with a deliberately open-ended message on Thursday.
The European Central Bank will likely pair the expected interest-rate increase with deliberately open-ended guidance on Thursday, according to Konrad Kleinfeld of State Street Investment Management in a note. For markets, the focus is likely to be less on the September decision than on the question of what comes next, Kleinfeld said.