An official at the European Central Bank reveals that the bank is set to raise interest rates by 50 basis points in February and March.
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The European Central Bank is preparing to raise interest rates by 0.5% in the next two months
A member of the European Central Bank’s Governing Council, Claes Knut, said in an interview with Dutch station WNL today, Sunday, that the bank is scheduled to raise interest rates by 50 basis points in February and March, and that it will continue to raise prices in the coming months. next.
He added, “Expect that we will raise prices by 0.5% in February and March, and expect that we will not be satisfied with that, and that more steps will be taken in May and June.”
In a separate interview with the Italian newspaper “La Stampa” published on Sunday, Knut said it was “too early to predict” whether the ECB should slow down the pace of interest rate hikes by the summer.
“At some point, of course, the risks to the inflation outlook will become more balanced, and there will come a time when we can take another step down the pace from, say, 50 to 25 basis points, but we’re still a long way from that,” he continued.
Knut had predicted The European Central Bank continues to raise interest ratesin the next five meetings, until July 2023, by increasing half a percentage point, so that interest will reach its highest level next summer.
Last month, the European Central Bank raised the interest rate by 50 basis points, bringing its rate to 2.50%, in order to curb high inflation.
And raise the European Central Bank The main interest rate is half a percentage pointon the 15th of this December, and thus chose less monetary tightening than in previous months, while showing his determination to fight inflation, which is not expected to decline as quickly as hoped.
