ECB Must Still Raise Interest-Rates More, Vasle Says

The European Central Bank must lift borrowing costs further to return inflation to its target, Governing Council member Bostjan Vasle told Slovenia’s Delo newspaper.

“Further interest-rate increases will be needed,” Vasle said in an interview published Thursday. “But they’ll be smaller than they were in the past. We’re approaching the level of rates that’s restrictive enough to bring inflation back toward 2%.”