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ECB's Wunsch says underlying inflation remains persistent, may need more rate hikes
The European Central Bank may need to raise interest rates further according to ECB Governing Council member Pierre Wunsch, who spoke on Saturday in a radio interview. Wunsch said there are signs that price pressures are dissipating, but the ECB's 2% target rate won't be hit before 2025. Given the persistence of inflation: “I’m inclined to say we maybe need to do a little bit more”The “idea that we’ll have to come to a pause at a certain point can’t be excluded” he said,. but its too early to t...
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Posted: Sep 3 2023, 20:12
Author Name: forexlive
Views: 092117
