ECB Hawks Warn Of December Rate Rise If Inflation & Wages Stay Hot (FT)

The FT reports that “several of the European Central Bank’s more hawkish rate-setters believe that interest rates could rise again in December if wages keep increasing rapidly and inflation proves stickier than hoped”

• “Investors widely expect the ECB’s rate rise on Thursday, which saw the deposit rate hit 4 per cent, to be its last.”
• “But three people involved in Thursday’s monetary policy meeting told the Financial Times that, if eurozone inflation were higher than forecast, the door was still open to raise rates again when the central bank updates its projections in December.”
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