ECB board member Isabel Schnabel said they “expect to raise interest rates further”. up to levels that inflation timely return to destination 2% in the medium term.
At the ECB’s seventh annual research conference, Schnabel recalled that the monetary agency increased the money price by 50 basis points in July and 75 basis points last week. He also stressed that inflation in the euro area rose to 9.1 percent last month and “will rise further in the medium term”.
this rising prices Energy close to 40% in the euro areaAccording to Schnabel.
“We hope to raise interest rates at the next meetings. moderate demand and self-preservation ECB President Christine Lagarde said after the Governing Council meeting last week that there is a risk of a permanent increase in the inflation outlook.