HELSINKI (Reuters) - The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ...
Sidney Crosby and Pittsburgh Penguins in Cole Harbour | SaltWireHELSINKI - The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board member Tuomas Valimaki said on Tuesday.
"The key policy rates have reached levels that, maintained for a sufficiently long duration, will make a substantial contribution to the timely return of inflation to our target," Valimaki said, repeating the ECB's current guidance. Valimaki argued that with inflation staying above the ECB's 2% target for so long, any additional delay in curbing price growth would be unacceptable.
However, price growth is seen levelling off next year and holding broadly steady at around 3% for much of 2024, mostly due to governments unwinding subsidies. So the big question is whether disinflation can resume into 2025 and get back to 2% by the close of that year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
ECB Not Yet at Inflation Target, More Work to Be Done, Lane SaysThe European Central Bank can’t relent in its fight to tame inflation, according to Chief Economist Philip Lane.
Lire la suite »
ECB’s Simkus Says Inflation Still Faces Many Lines of ResistanceThe European Central Bank must keeping interest rates restrictive for as long as is necessary to return inflation to target, according to Governing Council member Gediminas Simkus.
Lire la suite »
Guindos Says Current ECB Rate to Help Reach Inflation TargetEuropean Central Bank interest rates at their current levels will help bring euro-area inflation to the 2% target, according to Vice President Luis de Guindos.
Lire la suite »
Armenia urges EU to sanction Azerbaijan, warns of further attackBy Andrew Gray BRUSSELS (Reuters) - Armenia urged the European Union on Monday to sanction Azerbaijan for its military operation in the ...
Lire la suite »
Fed's Bowman: Expects it to be appropriate to raise rates furtherBowman, in prepared remarks to a banking conference, said inflation remains too high and expects progress in lowering it to be slow 'given the current level of monetary policy restraint.' 'I remain willing to support raising the federal funds rate at a future meeting if the incoming data indicates that progress on inflation has stalled or is too slow to bring inflation to 2% in a timely way,' Bowman said. Energy prices also pose a renewed risk to inflation, she said, noting that the latest measure published on Friday of the Fed's preferred inflation gauge - the personal consumption expenditures price index (PCE) for August - showed that overall inflation rose, in part due to higher oil prices.
Lire la suite »