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ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says
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BERLIN—The European Central Bank could increase interest rates above 3.5% and likely won’t cut them this year as the bank moves forcefully to bring inflation back on target, a top ECB official said.
The comments by Gabriel Makhlouf, Ireland’s central-bank governor, underscore a likely divergence between the ECB and the Federal Reserve this year as Europe’s inflation rate proves sticky and its growth resilient to Russia’s war in Ukraine.
Read more on wsj.comAbout this in other media
Fed Official Says Hotter Data Will Warrant Higher Rates wsj.com /1 year ago
Fed Official Says Hotter Data Will Warrant Higher Rates wsj.com /1 year ago
Fed Official Says Hotter Data Will Warrant Higher Rates wsj.com /1 year ago
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