European Central Bank head slams crypto assets says they are ‘worth nothing’

European Central Bank head slams crypto assets says they are ‘worth nothing’

On the other hand, it seemed as if she was trying to play down the possibility of a hike of fifty basis points, which was a more extreme alternative that Dutch central bank president Klaas Knot had just proposed. 

“We are going to follow the path of stopping net [bond] purchases and then sometime after that — which could be a few weeks — hike interest rates,” Lagarde said. 

It is presently anticipated that the ECB asset-buying program would end early in the third quarter, which will pave the way for an interest rate increase in July. 

An increase of 50 basis points “is not something that I can tell you at this point here today,” she added.