Andrej Hanzekovic
The sources claim that an increasing number of lawmakers believe it is likely that the ECB will have to raise rates to or beyond 2%, which is considered restrictive and is slowing the economy.
The agency sources say that a move like this might be made if the ECB's inflation forecast for 2025, which will be released in December, is still higher than 2%. According to the source, the ECB has so far actively urged EU states to take actions that would lower energy costs, which have drastically increased since the commencement of the open conflict in Ukraine.
ECB spokesperson declined to comment to Reuters.
source: reuters.com
The agency sources say that a move like this might be made if the ECB's inflation forecast for 2025, which will be released in December, is still higher than 2%. According to the source, the ECB has so far actively urged EU states to take actions that would lower energy costs, which have drastically increased since the commencement of the open conflict in Ukraine.
ECB spokesperson declined to comment to Reuters.
source: reuters.com