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# When is the ECB really going to raise the interest rate?
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- Mario Draghi said during his last press conference that the ECB will certainly not raise interest rates until the summer of 2019. Despite the fact that investors still do not know where they stand, these words initially led to a stock market growth. Meanwhile, more and more investors are wondering when the European central bank is really going to raise interest rates.

- Carsten Brzeski, economist at ING, believes that Draghi will raise interest rates at least once before his presidential term expires. This term expires on October 31, 2019. More and more investors are starting to take into account a first interest rate increase just after the summer of 2019. In a month, for example, the probability of an interest rate increase in September 2019 rose from below 70 to the top. 80 percent.

## Is the European economy strong enough for an interest rate increase?
 
- Incidentally, the ECB is already starting to tighten its monetary policy this year. After all, Draghi said earlier that the intention is to put an end to net bond purchases this year. In that respect, the European economy is becoming more and more independent.
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- Recently, several ECB policy makers revealed that the growth of the Eurozone is still well on track. During the past month, the German factory orders rose for the first time this year, and that seems to end the difficult start of the year.

- However, investors should remember that the ECB will always act on the basis of the economic situation and the economic outlook. A possible trade war could therefore ensure that the flexible monetary policy lasts longer.
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