B · Normal
[Following yesterday's decision to raise interest rates, European Central Bank officials hinted at the possibility of further tightening] September 11th, following yesterday's interest rate hike, European Central Bank officials have stated that inflation in the euro area is still high and interest rates may need to be further raised. Joachim Nagel, a member of the central bank's Governing Council and President of the Bundesbank, said, "We are currently at the upper limit of the neutral interest rate range, and I do not rule out that we will eventually need to take mild restrictive measures." He said that energy price trends will become a key factor in determining the direction of monetary policy.
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