Analysts at research provider TS Lombard said the ECB will "deliberately talk down the prospect of rate hikes until QE (quantitative easing) is well out of the way." "And looking that far out (mid 2019), Europe's main central bank becomes hostage to wider global developments well beyond its control," analysts said in a note Thursday, citing higher rates in the United States and trade wars as two potential examples. "The ECB might get round to raising rates in 2019, but only if this global cycle keeps defying the gloomy consensus," they added.
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