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German FinMin expects rate hike sby the ECB - Der Spiegel

FXStreet (Bali) - Germany's finance ministry expects the ECB to hike rates next year, according to the German magazine Der Spiegel, citing an internal document.

As the euro zone debt crisis improves and a subsequent recovery becomes more widespread, "an active contribution towards overcoming the low interest rate policy is to be expected", the ministry document said.

According to the document, via Reuters, "borrowing costs could rise to more than 2 percent for 10-year Bunds from about 1.5 percent now."

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