B · Normal
[Bundesbank President Nagel: The European Central Bank may have to raise interest rates again] On October 16th, Bundesbank President Joachim Nagel said that the European Central Bank may have to raise interest rates again. Nagel told reporters at the International Monetary Fund (IMF) annual meeting in Bangkok: "We have raised policy rates twice. If the current situation does not change, we do not rule out that we may need to act again." The European Central Bank has raised interest rates twice during this tightening cycle, and is widely expected to raise interest rates again by 25 basis points at its December policy meeting.
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