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Vasle Talks in Support of Rate Hike Larger Than 50bps

ECB
  • ECB's Vasle states that he supports a rate hike "that could exceed 50bps" and adds that inflation has not peaked, and is more persistent and broad-based.
  • Vasle, the ECB's Slovenian rep, is on the hawkish end of the ECB's governing council and has long-stated that rates would need to rise through Q4 and into the beginning of next year, but this is the first time Vasle's commented on a rate hike of more than 50bps.
  • It's assumed that ECB's Schnabel is also in the 75bps camp, after she stated banks "need to act forcefully" in the face of inflation at the JH conference over the weekend
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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