With economic activity deteriorating across the 20 countries that use the euro and inflation easing, investors are betting the ECB will end its streak of nine consecutive rate increases on Sept. 14
European Central Bank policy-makers warned investors who are overwhelmingly betting against an ECB interest rate hike next week that the decision was still up in the air and a rise in borrowing costs was among the options on the table.
France’s Francois Villeroy de Galhau hinted that a fresh rate hike could still come at a later date and argued that the slowdown is not a recession and that the ECB needed to persevere in its fight with inflation. “The second option seems preferable, reasonable, to me,” Kazimir said in an opinion piece. “It is to deliver another 25 basis points next week and take a breather thereafter.”
“I continue to think that hitting our inflation target of 2 per cent at the end of 2025 is the bare minimum we have to deliver,” Knot told Bloomberg.
France Dernières Nouvelles, France Actualités
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