@DeItaone: ECB: DECEMBER RATE HIKE NOW SEEN AS HIGHLY LIKELY Bundesbank President Joachim Nagel says another E...
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ECB December rate hike now seen as highly likely, with Bundesbank President Joachim Nagel saying another increase is almost unavoidable unless the inflation outlook improves significantly. The ECB held its deposit rate at 2.50% last week, but policymakers increasingly view the pause as temporary. Inflation is expected to exceed 4% in the coming months, more than double the ECB's 2% target. Bulgarian central bank chief Dimitar Radev also warned that the inflation outlook has deteriorated since September. Markets will watch incoming euro-area inflation prints and ECB commentary ahead of the December meeting for confirmation of the tightening path.
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Named in this story
ECB, Joachim Nagel, Bundesbank, Dimitar Radev, Bulgarian central bank