The European Central Bank (ECB) is prepared to respond to the surging energy prices, according to Bundesbank President Joachim Nagel. The ECB left interest rates unchanged on Thursday but hinted at a possible hike in September due to rising oil and natural gas prices.
ECB’s Stance on Interest Rates
Nagel stated that the ECB should analyze the incoming data before deciding on a rate hike. The ECB’s decision to keep rates unchanged was unanimous, partly because the energy price surge is not generating second-round inflation impacts.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
