US EditionECB May Need to Act in June if Outlook Does Not Improve
Bundesbank President Joachim Nagel said policymakers are ready to act if inflation stays above target, with markets now pricing three rate moves.
6 Articles
6 Articles
This week, European Central Bank (ECB) policymakers left interest rates unchanged, but that chance is extremely small at the next decision in June. Several central bank governors point out that interest rates must be raised at the next session in Frankfurt. "From the current perspective, the situation is developing less favorably than in the earlier baseline scenario," observes Joachim Nagel, ECB policymaker and chief executive of the German cen…
Increasing prices and geopolitical risks increase the pressure to act. Joachim Nagel does not rule out an early rise in interest rates by the European Central Bank.
ECB may need to act in June if outlook does not improve
The European Central Bank may need to tighten policy in June if the outlook does not improve "markedly" as price developments are worse than the ECB's base case, which already assumes policy tightening, Bundesbank President Joachim Nagel said today.
The European Central Bank appears to be on track to raise interest rates in June, unless there is a substantial de-escalation in energy prices and on the Iran front. Despite maintaining… Bloomberg: ECB ready to raise interest rates in June - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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