Forex and other markets news
9.05.2023, 14:15
ECB reveals it may have to bloom
ECB reveals it may have to bloom
European Central Bank (ECB) policymaker Peter Kasimir said on Monday that the ECB may have to raise interest rates longer than expected and that September could be. The earliest time a policy maker can determine whether Are recent interest rate hikes effective?
The ECB has raised interest rates seven times in a row to deal with record highs in consumer prices, the report said. And policy makers have signaled that interest rates will continue to be raised. While inflationary pressures continued to rise.
However, the ECB raised interest rates at a slower rate of 0.25% last week. It was the lowest rate hike since the tightening of monetary policy began in July last year, with the ECB arguing that recent policy rate hikes are starting to hurt the economy. It takes time to assess whether it will help drag down inflation or not. and overall inflation has peaked.
Mr Casimir said in a weblog that "Considering today's data, We need to raise interest rates longer than expected. By raising only 0.25%, it is a step that allows us to gradually raise interest rates for longer. if necessary"
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