NICOSIA (Reuters) – The European Central Bank has accelerated its exit from ultra-easy monetary policy to bring inflation back to target, European Central Bank policymaker Konstantinos Herodotu said on Wednesday. It’s unclear how high rates will go.
“The rate hike we decided last week does not mean that the final rate level is a foregone conclusion,” Cyprus President Herodotuo said at a meeting of the Central Bank Say. “We have to periodically reassess our monetary policy course based on upcoming data.”
The ECB raised interest rates by 125 points in July and September, its The key rate is at its highest level since 2011.