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Source: بوابة الشروق
12 Hrsبوابة الشروق
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Bundesbank President Joachim Nagel said the European Central Bank was likely to raise interest rates in December to tackle inflation, unless its outlook improved significantly. The Governing Council is due to meet on December 17. The bank has raised rates twice this year, while keeping the deposit rate at 2.5%, after eurozone inflation reached 3.8% in September, against a target of 2%. Nagel noted that higher energy prices could add to inflationary pressures and push up the cost of goods and services, as well as wages.
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