In March, the ECB raised interest rates by half a percentage point.
(Photo: IMAGO/Jochen Tack)
Frankfurt Leading ECB officials have announced another rate hike ahead of next week’s meeting. “For our next council meeting on May 4, the latest data suggests that we should start raising interest rates again,” European Central Bank (ECB) chief economist Philip Lane said in an interview with French daily Le Monde. It’s not the right time to stop the increases.
Other ECB officials made similar statements. However, it is unclear whether the central bank will raise interest rates by a quarter or by half a percentage point. Many experts assume an increase of a quarter of a percentage point. Isabel Schnabel, who like Lane is a member of the executive body of the ECB, emphasized in an interview with the magazine “Politico” on Monday that an increase of half a percentage point is “not off the table”. The amount of further interest rate increases will depend on the incoming data.
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