Central Banks
ECB Hawks Warn Rate Hikes May Need to Persist Beyond Summer
- Remarks follow latest increase and Lagarde call for July move
- Markets are increasingly betting on a September rate hike
Joachim Nagel
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Bundesbank President Joachim Nagel kicked off warnings from hawkish officials that the European Central Bank’s historic campaign of interest-rate hikes may need to extend into the fall.
“As I see it, we still have more ground to cover,” Nagel said Friday in a speech. “We may need to keep raising rates after the summer break.”