European Central Bank’s Nagel Backs September Rate Hike as Inflation Stays Elevated
20 Articles
20 Articles
Inflation in Germany rises to 2.9 percent, while ECB plans to raise key interest rates to 2.5 percent. High energy prices and geopolitical risks drive costs. Interest rate hikes are intended to slow inflation, but are burdening the economy and state budgets.
The European Central Bank (ECB) will in all likelihood raise interest rates in the eurozone again next Thursday. That is the opinion of German Central Bank President Joachim Nagel. In June, the ECB also implemented an interest rate hike of a quarter percentage point to combat high inflation.
Estimates say that the ECB will likely proceed with another increase in its central interest rate - Plans in place for households and businesses
Eurozone Inflation Nears Peak. Economist Warns of Rising Interest Rates and More Expensive Mortgages
Inflation in the eurozone has approached a three-year high and it can be expected that the European Central Bank will raise interest rates again at its September meeting. This means more expensive mortgages for Slovak households, warns Finax economist Patrik Kindl. The economist expects the ECB to increase...
ECB officials have already signaled the possibility of another rate hike, following the 25 basis point increase in June.
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