Central European Member: Additional rate hikes needed

European Central Bank Board Member Isabel Schnabel stated that the bank will need to continue raising interest rates to combat inflationary pressures related to energy prices, emphasizing that the recent ceasefire in the Middle East does not exempt policymakers from remaining cautious in their monetary policies. She pointed out that inflation may remain high until 2027, and that the size and timing of rate hikes will depend on the developments in the conflict and the economy. Investors anticipate interest rate increases during the July and September meetings, amid ongoing market tensions.

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