ECB May Need to Hike Rates in December
European Central Bank chief economist Philip Lane told Bloomberg on Tuesday that the central bank might need to raise interest rates again in December. He noted that peak inflation has not yet been reached, supporting another rate hike.
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The European Central Bank may need to raise interest rates by 25 basis points in December, chief economist Philip Lane told Bloomberg on Tuesday. The move would mark the bank's third rate hike this year as policymakers battle persistent price pressures. Currency markets responded with EUR/USD holding steady near 1.0750 following the remarks.
