Well....they hope
ECB Nowotny is on the wires saying:
- ECB is starting exit from expansive monetary policy
- Expects ECB to to raise rates after summer of 2019 (so he is not in the beginning of Autumn camp)
- Greece and others can deal with raise rates
The question is what will the world/EU look like at that time. The ECB also said that they would start to taper QE in September and finish at the end of the year, but it did come with some contingencies.
In any case, his comments are consistent with that view. This is not surprising.
