ECB board member says chance of rate hike has risen
Piero Cipollone stated that inflation hitting 3% in April makes a rate hike more likely. While wage growth remains stable, supply risks could impact production.
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ECB board member Piero Cipollone said the likelihood of a rate hike increased after inflation reached 3% in April. Current price pressures are drifting away from the March baseline projections. Investors now face a shifting timeline for monetary tightening as energy supply risks mount.
