Geopolitical factors won’t stop ECB rate hike, say analysts

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Analysts have said uncertainty surrounding the geopolitical environment is unlikely to delay the European Central Bank (ECB) from raising rates at its next monetary policy meeting in April as widely expected.

The ECB's hawkish policy announcement after its last meeting on March 4, was viewed by markets as paving the way for a quarter point rate hike in April, taking the benchmark main refinancing rate to 1.25%. Jean-Claude Trichet, the president of the ECB, said "strong vigilance [was] warranted

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