© Archyde.com ECB Member: We can still raise rates more aggressively
Arabictrader.com – European Central Bank member Martins Casax said Tuesday evening during an interview with Bloomberg, that the bank may intend to raise at an accelerated pace in the next two meetings in accordance with the requirements to reduce the inflation rate to the required level at 2%.
However, the economic conditions in the region may require the European Central Bank to tighten monetary policy at a slower pace in its upcoming meetings in February and March.
It is worth noting that European Central Bank Governor Christine Lagarde confirmed that the European Central Bank will continue to raise interest rates by 50 basis points for a period of time, in order to reduce high inflation in the long term.
In this regard, it is mentioned that the European Central Bank raised the interest rate by regarding 50 basis points at its last meeting in December, bringing the main interest rate to 2.50%.
