The council of the European Central Bank (ECB) has taken a step forward in the path of normalizing its monetary policy (controlling the growth of its balance sheet and placing the official price of money in positive territory), by confirming its president, Christine Lagarde, that the institution she directs begins the path that will retrace the journey in recent years to develop an unconventional monetary policy.
This month the process of net asset purchases by the ECB will come to an end and in July the first rise in interest rates will take place after several years in which the official price of money has been in negative territory.
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