Analysts at Goldman Sachs believe that the European Central Bank may put off increasing its benchmark interest rate from the third to the fourth quarter of the next year.

In their view, even though the euro area’s economy is doing quite well, European monetary authorities aren’t going to endanger it by the monetary tightening taking into account the region’s debt crisis. The most serious risk, according to Goldman, is the question of financing the indebted peripheral European nations.

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