Monday, December 5, 2022
HomeEconomyECB President de Guindos says further rate hikes will depend on data

ECB President de Guindos says further rate hikes will depend on data

MADRID (Reuters) – The exact number of further rate hikes by the European Central Bank will depend on upcoming macroeconomic data, ECB Vice President Luis de Guindos said on Monday.

Earlier this month, the European Central Bank raised rates by an unprecedented 75 basis, weeks after raising rates 75 by More will be done in the coming months as euro zone inflation is at its highest level in nearly half a century and risks becoming entrenched.

“Monetary policy always tries to act against inflation,” de Guindos said at a financial event in Madrid on consumer spending and Business investment has an impact… Further rate hikes will depend on economic data.

European population,” he added.

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