ECB's Dolenc: July Rate Pause May Be Appropriate, No Urgency to Hike
ECB official Dolenc indicated that a pause in rate hikes in July may be appropriate given current data and subdued energy prices, but warned that Middle East uncertainty could shift the outlook.
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ECB governing council member Dolenc stated that based on current data, a pause in interest rate increases at the July meeting could be suitable. He added there is no urgency to raise rates if energy prices remain subdued.
However, Dolenc cautioned that the Middle East situation remains highly uncertain and the economic outlook could change rapidly before the next ECB policy meeting.
Source: First Squawk