Global Market | ECB may need further rate hikes if energy prices stay high: Nagel
By
, ETMarkets.com
Synopsis
ECB policymaker Joachim Nagel said the central bank may need to raise interest rates further if elevated energy prices persist, potentially moving policy into mildly restrictive territory. The ECB raised its key rate to 2.50% on Thursday, while the outlook for future hikes will depend on energy prices and inflation trends.
