ECB’s Wunsch Agrees With Market View of Tightening

European Central Bank Governing Council member Pierre Wunsch agrees with market expectations about the timing of the bank’s tightening of monetary policy, De Tijd reported, citing an interview.

Wunsch said he agrees with the expectation that the ECB will halt bond purchases in the third quarter and raise interest rates at the end of this year or early in 2023, according to De Tijd. The Belgian central bank governor said he disagreed with the idea that tightening by the ECB would cripple the economic recovery, as monetary policy remains “extremely accommodating.”