The ECB will pause rate hikes due to debt tension
Different members of the Governing Council are pointing to December to continue raising rates. Read
The European Central Bank (ECB) is expected to keep interest rates unchanged at 2.5% at its upcoming monetary policy meeting in Frankfurt. Despite this, some ECB members believe that rising bond yields, particularly in France, are already tightening financing conditions and may reduce the need for further rate hikes. The ECB's goal is to bring inflation back to 2%, but some members, including the governors of Slovenia, Finland, Greece, Lithuania, Belgium, Latvia, and the president of the Bundesbank, suggest that they may wait until December, when new economic projections will be available, to reassess the situation.
The meeting will also focus on the future of ECB President Christine Lagarde, with many expecting her to make an announcement about her departure.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
