The Limited Times

Now you can see non-English news...

ECB: Schnabel, rates rise above 3% in 'restrictive' zone

2022-12-24T11:54:36.813Z


The ECB "clearly needs to reach an interest rate that is high enough to bring inflation back to 2%", and "in our assessment this rate is in the restrictive area, i.e. beyond the neutral level". (HANDLE)


(ANSA) - ROME, DECEMBER 24 - The ECB "clearly must reach an interest rate that is high enough to bring inflation back to 2%", and "in our assessment, this rate is in a restrictive area, i.e. beyond the neutral level ".


    This was stated by Isabel Schnabel, member of the executive committee of the ECB, in an interview with the Frankfurter Allgemeine Zeitung.

"The terminal rate, which is the expected peak rate in the bull cycle, has risen above 3%. Whether we have yet to rise further than that level will depend on future inflation prospects."


    On December 15, the ECB raised the deposit rate to 2% and the main rate to 2.5%.

(HANDLE).


Source: ansa

All life articles on 2022-12-24

You may like

Life/Entertain 2024-02-23T11:02:02.669Z
News/Politics 2024-02-22T19:02:23.940Z

Trends 24h

Life/Entertain 2024-03-28T17:17:20.523Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.