Iran: ECB Rejects Automatic Relationship Between Rising Energy Prices and Interest Rates
7 Articles
7 Articles
The interest rates do not automatically follow the evolution of energy prices, because obviously the energy price and its impact on prices also have effects on other factors, including growth and consumption, and we have all these elements in mind, said Christine Lagarde, speaking at a press conference after the informal meeting of the euro area finance ministers in Dublin by the Irish Presidency of the EU Council.
The ECB will consider overall factors such as growth and consumption when making interest rate decisions, rather than adjusting monetary policy based on energy price movements. ECB President: The current inflation shock will last longer than expected. ECB raises interest rates for the second time this year amid inflationary pressures. The ECB is under inflationary pressure and faces the possibility of a second interest rate hike this year.
Last week, the European Central Bank decided to increase the three main interest rates by 25 basis points.
The President of the European Central Bank (ECB), Christine Lagarde, today rejected an "automatic" relationship between the evolution of energy prices and interest rates, stressing that monetary policy also addresses growth and consumption.
(Teleborsa) - "I would like to stress that we do not only consider energy prices, but a much broader set of data and criteria when making monetary policy decisions. It would not be...
Tensions in the Middle East driving up energy costs have reignited discussions about interest rate hikes in Europe. Speaking on the subject, ECB Vice President Boris Vujcic stated that the new interest rate being priced into the market...
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