European Central Bank Likely to Exit Negative Rate Policy by End of September: Bank President

Christine Lagarde, head of the European Central Bank (ECB), speaks at a press conference in Frankfurt, Germany, on Oct. 28, 2021. Thomas Lohnes/Getty Images

The European Central Bank (ECB) will probably begin raising interest rates in July and exit negative territory by the end of September, said ECB President Christine Lagarde in her May 23 blog post.

She said the bank could raise rates further to a neutral level if it sees inflation stabilizing at 2 percent.