ECB should not raise rates until 2020 – OECD
OECD says European Central Bank should “gradually” taper asset purchases in 2018
The Organisation for Economic Co-operation and Development has said any decision by the European Central Bank to raise interest rates should be deferred until 2020.
“If realised and expected inflation strengthens with improving labour markets, the ECB should gradually taper asset purchases in 2018 in order to ultimately stop increasing the balance sheet,” the OECD says in the first chapter of its latest economic outlook.
The OECD bases its recommendations on its forecast that the ECB’s main
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