JACKSON HOLE, Aug 28 — European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in the bank’s inflation-fighting credentials.
“Both the likelihood and the cost of current high inflation becoming entrenched in expectations are uncomfortably high,” Schnabel said. “In this environment, central banks need to act forcefully.” Villeroy said that the neutral rate should be reached before the end of the year while Kazaks said he would get there in the first quarter of next year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: