Schnabel says ECB must raise rates further to contain inflation
"At the current policy rate, inflation is unlikely to return to target over the medium term, and therefore further tightening will be necessary".
Hot Topic
monetary policy
Popular articles tagged "monetary policy"
Parliament clears digital euro talks after right-wing groups force a vote
A third file in the same single currency package, on the legal tender status of euro banknotes and coins, was not contested.
Norway lifts key rate to 4.25 per cent as Middle East war stokes inflation
In a statement on Thursday, Norges Bank governor Ida Wolden Bache said: "Inflation is too high and has run above target for several years."
Central bank chiefs voice ‘full solidarity’ with US Fed, Powell
The heads of major central banks have thrown their support behind the US Federal Reserve and its chairman Jerome Powell, saying in a joint statement Tuesday that…
ECB cuts rates even as inflation fight goes on
The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, citing progress in tackling inflation even as it acknowledged the fight…
ECB hikes interest rates in 10th salvo to quash inflation
The European Central Bank raised interest rates again, acting for the 10th consecutive time to choke inflation out of the euro zone’s increasingly feeble economy.