ECB's Wunsch: Another Rate Hike May Be Needed
European Central Bank policymaker Pierre Wunsch indicated that inflationary pressures in the eurozone could stay above the 2% target for several quarters, suggesting the ECB might need to raise rates again.
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European Central Bank (ECB) policymaker Pierre Wunsch, who also heads Belgium's central bank, said on Tuesday that eurozone inflation may remain above the 2% target for several quarters. He added that the central bank might need to deliver another rate hike.
The remarks come during European trade and reflect ongoing concerns about persistent price pressures in the bloc.
Source: FXStreet Forex News