European Central Bank Chief Economist Peter Praet: the ECB is ready to face the Fed’s interest rate hike

Market news

14 December 2015

European Central Bank Chief Economist Peter Praet: the ECB is ready to face the Fed’s interest rate hike

The European Central Bank (ECB) Chief Economist Peter Praet said in an interview with the Financial Times on Sunday that the ECB is ready to face the Fed's interest rate hike.

"We are ready to face any situation there," he said.

The Fed will release its monetary policy meeting results on Wednesday. Analysts expect the Fed to raise its interest rate.

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