ECB Nagel hints at September rate hike
8 Articles
8 Articles
Estimates say that the ECB will likely proceed with another increase in its central interest rate - Plans in place for households and businesses
Nagel is discounting an interest rate increase to 2.50%, as inflation remains at 3.3% and above the ECB's target.
Frankfurt prepares for a new rise after the July break. Analysts see a ECB still prudent, but with a more restrictive posture. Frankfurt prepares for a new rise after the July break. Analysts see a ECB still prudent, but with a more restrictive posture.
The president of the Bundesbank sent a clear message that the European Central Bank is expected to proceed with a new interest rate increase next week.
German Joachim Nagel, member of the executive of the European Central Bank, confirms that interest rates in the euro area will be higher on 10 September.
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