Monetary policy: Insiders - ECB heading for further interest rate hike in September
The ECB wants to respond to rising prices. However, a longer series of increases is not on the horizon, according to insiders.
The European Central Bank (ECB) is expected to raise its interest rate from 2.25 to 2.50 percent at its next meeting in September, according to insiders. The move aims to mitigate the economic impact of the Iran war and address an inflation rate of almost three percent. The ECB had raised interest rates in June for the first time in nearly three years to prevent energy price increases from spreading to the broader economy.
The bank will review inflation data for August and updated economic forecasts at its September 9-10 meeting.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
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