The “journey” of interest rate hikes by the European Central Bank has just begun, ECB member Joachim Nagel said on Friday, adding that how fast the central bank will move will be determined by financial data.
“How fast or fast we move will depend on how the data evolves,” Nagel said during a student event. “It’s a journey,” he added.
It is noted that yesterday the ECB announced the end of bond purchases at the beginning of the third quarter, and that at its next meeting in July it will proceed with the first increase in interest rates after years
In particular, the BoD The ECB announced that it intends to raise its key interest rates by 25 basis points next month and estimates that it will proceed with a second increase in September.
The Board The ECB has left open the possibility that the September increase will be larger, noting that the size of this increase “will depend on the latest medium-term inflation outlook. If the medium-term inflation outlook persists or deteriorates, an additional increase at the September meeting “.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
