B · Normal
[ECB Governing Council Member Stuenaras: If inflation surges, the possibility of raising interest rates in October does not rule out, but we should not act hastily] On September 19, ECB Governing Council Member Stuenaras said that we must pay attention to the risk of upward inflation, but we should not act hastily. The Governor of the Bank of Greece said in an interview on Saturday that although there has been no second-round impact on wages and other aspects so far, which is considered "good news", it cannot be taken for granted that this situation will continue. "We are facing a series of persistent supply-side shocks, and we cannot turn a blind eye to them. At the same time, demand is also very strong due to fiscal expansion and booming investment in artificial intelligence." He said at a meeting of European finance ministers and central bank governors in Dublin. "We must remain vigilant." With the next decision still a month away, Stunaras said he has not yet made up his mind, and that various economic outlooks prepared by the European Central Bank may provide guidance. "If inflation spikes in September or energy costs rise, putting us in a bad situation, then the possibility of a rate hike in October cannot be ruled out," he said. "But if there is some uncertainty, we will not take any action and wait for the next round of forecasts. There is no need to act hastily." Stunaras warned that the current situation remains volatile. "If the economic data shows that economic resilience is not sustainable or that economic activity growth slows, I think that will be a reason not to raise interest rates but to suspend them," he said. Furthermore, "if a deal is reached in the Middle East, energy prices could fall rapidly again."
Global market intelligence 🕐 2026-09-19 20:15

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