The Strategist

ECB to continue raising interest rates

12/20/2022 - 02:37

De Guindos, a spokesman for the ECB, declared that the watchdog would keep raising interest rates.

Thorsten Jansen
Thorsten Jansen
Luis de Guindos, vice president of the European Central ECB, stated on Monday that the bank would keep raising interest rates to combat inflation.

"There will be further interest rate increases, but I'm not sure how much more. If I'm being completely honest, I have no idea." He continued by saying that the ECB intended to achieve its 2% inflation target in the medium term.

On Thursday, the central bank delayed the tempo of rate increases but emphasized the necessity for future considerable tightening of monetary policy. It also disclosed steps to remove liquidity from the financial sector.