We will begin to raise interest rates in July, sooner or later: ECB’s Olli Rehen

While speaking in an interview in Austria, the European Central Bank (ECB) governing council member Olli Rehen said that, "They will probably begin to increase the interest rates in July to make sure that the inflation estimations remain firm."

May 09, 2022 - 05:26 PM 254 views

We will begin to raise interest rates in July, sooner or later: ECB’s Olli Rehen

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© We will begin to raise interest rates in July, sooner or later: ECB’s Olli Rehen

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While speaking in an interview in Austria, the European Central Bank (ECB) governing council member Olli Rehen said that, "They will probably begin to increase the interest rates in July to make sure that the inflation estimations remain firm."

                Important Quotes

              Furthermore, he added, "They are already seeing the symptoms of second-round effects."

              Therefore, it is vital to send a signal which indicates that these higher inflation rate estimations  that they are now watching may not become a bred-in-the-bone.

               Sooner or later, but in his view, probably in July, they will start increasing the interest rates in accordance with the monetary policy guidelines, and they expect that when the autumn season arrives, they will be at zero.

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