ANSA Economia58 minutes agoBusiness1 min readItaly

Nagel, 'interest rate increase likely in December'

Bundesbank President: increase most likely necessary if inflation does not improve

Quick Look

The European Central Bank is moving towards an interest rate hike in December, according to Joachim Nagel, president of the Bundesbank and member of the ECB Governing Council, who called the increase "most likely necessary" if the inflation outlook does not improve significantly.
The Board of Directors will meet on 17 December.

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Why It Matters

The ECB Governing Council will meet on 17 December for the next monetary policy decision. Joachim Nagel, president of the Bundesbank, said in Berlin that a rate increase is most likely necessary if the inflation outlook does not improve significantly.

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The European Central Bank is set to raise interest rates in December. According to current estimates, an increase would "most likely be necessary", Bundesbank President Joachim Nagel, a member of the ECB's Governing Council, said in the evening in Berlin.

“As things stand, it is unlikely that an increase in interest rates will be avoided unless the inflation outlook improves significantly.” The BVE Governing Council will meet on December 17 for its next monetary policy decision.

What to Watch

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The ECB Governing Council will increase interest rates on 17 December
Likely · Within days

Open Questions

How much will the rate increase be?
What are the current inflation prospects in the euro area?
What is the position of the other members of the ECB Governing Council?

Nagel, 'interest rate increase likely in December'

Bundesbank President: increase most likely necessary if inflation does not improve

Quick Look

The European Central Bank is moving towards an interest rate hike in December, according to Joachim Nagel, president of the Bundesbank and member of the ECB Governing Council, who called the increase "most likely necessary" if the inflation outlook does not improve significantly.
The Board of Directors will meet on 17 December.

AI-generated summary