ECB's Centeno says interest rate close to peaking if no new shocks
He told a conference that interest rates will rise until the ECB considers that the inflation can be brought down to its medium-term target of 2% as quickly as possible.
By Reuters | Updated:
Agencies
The European Central Bank's key interest rate is nearing its peak amid efforts to bring down inflation, unless new external shocks emerge, ECB Governing Council member Mario Centeno said on Friday.
He told a conference that interest rates will rise until the ECB considers that the inflation can be brought down to its medium-term target of 2% as quickly as possible.
"We are on the way to achieving it...but we cannot hesitate in this process" of controlling inflation, he said.
He told a conference that interest rates will rise until the ECB considers that the inflation can be brought down to its medium-term target of 2% as quickly as possible.
"We are on the way to achieving it...but we cannot hesitate in this process" of controlling inflation, he said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
EPF interest rate retained at 8.25% for FY26ADVERTISEMENT
