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He mentioned that the first interest rate increase might take place as early as April. The outcomes of the upcoming ECB meeting will be revealed on April 30.
Inflation in the eurozone increased to 2.5% in March, up from 1.9% in February, and experts anticipate that consumer prices will continue to rise, driven by the sharp increase in energy costs.
"If the issue isn't fixed by June, we will need to increase the rates. However, I do not wish to exclude the possibility of a hike in April," Wunsch said.
According to him, the ECB's leaders does not have the ability to directly affect energy prices, but it can work to reduce the harmful effects that higher energy prices have on the costs of other goods and services.
source: wsj.com
Inflation in the eurozone increased to 2.5% in March, up from 1.9% in February, and experts anticipate that consumer prices will continue to rise, driven by the sharp increase in energy costs.
"If the issue isn't fixed by June, we will need to increase the rates. However, I do not wish to exclude the possibility of a hike in April," Wunsch said.
According to him, the ECB's leaders does not have the ability to directly affect energy prices, but it can work to reduce the harmful effects that higher energy prices have on the costs of other goods and services.
source: wsj.com
