- ECB’s Makhlouf: Raising interest rates is absolutely necessary
Market news
15 September 2022
ECB’s Makhlouf: Raising interest rates is absolutely necessary
European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Thursday that “raising interest rates is absolutely necessary.”
“Reducing public debt 'should remain a key priority', Makhlouf added.
He warned that “persistent inflation is damaging to economic stability.”
Market reaction
EUR/USD was last seen trading at 0.9986, 0.11% higher on the day.
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