Hawkish ECB members annoyed at Lagarde’s rate hike plan

Some of the more hawkish European Central Bank policymakers are annoyed at the rate-hike timeline outlined by central bank President Christine Lagarde, Bloomberg reported on Monday citing sources, given some had preferred a faster option. Lagarde effectively signaled in a blog post on Monday that the bank would bring rates out of negative territory by the end of September, which the irked hawkish ECB policymakers have taken to imply two 25 bps rate hikes, effectively ruling out the option of a 50 bps rate hike in July.