Majority of German firms favour an ECB hike - Reuters

Joshua Gibson FXStreet

According to reporting by Reuters, at least two out of three German major firms support the European Central Bank undergoing rate hikes despite darkening growth figures.

Key quotes

In a Forsa poll conducted for consultancy firm EY, the DIW economic institute and the DGAP foreign policy think-tank, 62 percent of business managers said they would like the ECB to hike interest rates in the coming years. Some 27 percent said they wanted the ECB to continue its ultra-loose monetary policy.

A majority of German company executives support the euro zone’s bail-out measures for struggling member states, with 83 percent of respondents saying the bloc’s rescue mechanism are good and right, the poll showed.

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Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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