FILE PHOTO: Specialists work on a crane in front of the European Central Bank (ECB) in Frankfurt
The European Central Bank may need to raise interest rates by another 75 basis points (bps) at its October meeting and move again in December to a level that no longer stimulates the economy, policymakers said on Wednesday.
The ECB lifted interest rates by a combined 125 bps at its past two meetings, the fastest pace of policy tightening on record, but inflation may still be months from its peak, pointing to even more tightening from a bank that started hiking well after most of its top peers.
“I have to say that 75 bps is a very good candidate
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First Published: Sep 29 2022 | 12:14 AM IST