ECB’s Wunsch Says It’s Now Less Likely Need to Raise Again
- Belgian central bank governor speaks at IMF presentation
- Economy faces soft landing but also stagflation, he says
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The prospect for European Central Bank officials to raise interest rates again has lessened and may not materialize in the absence of another energy-price shock, according to Governing Council member Pierre Wunsch.
Speaking in Brussels at the presentation of an International Monetary Fund report, the Belgian central bank chief said on Wednesday that the economy is on track for a “soft landing” and that monetary tightening is increasingly seen to be doing its job.