ECB should hike interest rates further to combat inflation, Nagel says

Reuters

MADRID (Reuters) – The European Central Bank should hike interest further to bring inflation back under control, policymaker Joachim Nagel said on Thursday.

“The ECB should not refrain from further hike rates, we need to increase them further to bring inflation down to our mid-term target,” Nagel said at an event in Madrid.

He did not however want to speculate when the path of higher borrowing costs would end and added that the euro zone was in a different situation to that of the United States.

Related News:   US approves Orsted's Sunrise Wind offshore wind farm to power New York homes

(Reporting by Jesús Aguado; editing by Emma Pinedo)

tagreuters.com2022binary_LYNXMPEIA209D-BASEIMAGE


You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.