(ANSA) - ROME, APRIL 24 - "We are waiting for the growth of wages and core inflation to slow down before we can get to the point where we can stop" the rate hikes.
Pierre Wunsch, governor of the Belgian central bank who sits on the ECB's governing council, told the Financial Times.
The ECB raised deposit rates at an unprecedented pace from -0.5% last July to 3% and the markets are now betting on an increase up to 3.75%.
"I wouldn't be surprised if we have to go to 4% at some point," added Wunsch, who said investors are underestimating how much the eurozone's borrowing costs will increase.
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