ECB policymakers expect further tightening, could act again as soon as October
European Central Bank policymakers expect further policy tightening to fight war-fuelled inflation. Reuters cited two sources saying the ECB could move again as soon as October after raising borrowing costs on Thursday for the second time this year.
European Central Bank policymakers expect more tightening in the months ahead as they try to counter a war-driven jump in inflation, and they could act again as soon as October, two sources told Reuters. The ECB raised borrowing costs on Thursday for the second time this year and warned that price pressures remain elevated.