ECB policymakers open to further rate hikes past July
newscatcher
2023-07-14 04:31
ECB policymakers open to further rate hikes past July
FRANKFURT  -The European Central Bank may need to continue raising interest  rate s beyond this month to bring inflation back to target,  ECB  policymakers  said at their last meeting according to an account published on Thursday. The  ECB  raised its interest  rate s to their highest level in 22 years at the June 14-15 meeting and said a ninth consecutive hike was all but guaranteed in  July  as it predicted inflation would stay above its 2 percent target through the end of 2025. READ : ECB hikes rates to 22-year high and says not done yet The  ECB ‘s account of that meeting showed  rate  increases might continue at the central bank's following gathering on Sept 13-14, as earlier reported by Reuters.

https://business.inquirer.net/410223/ecb-policymakers-open-to-further-rate-hikes-past-july

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