Stournaras Urges ECB Caution on Further Rate Hikes

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The European Central Bank should remain alert to the risk of new inflationary pressures, without however rushing into new monetary policy moves, according to the governor of the Bank of Greece, Yannis Stournaras. Speaking in Dublin, Mr. Stournaras described as positive the fact that so far no secondary effects of the […]

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The need for the European Central Bank to remain in a state of constant alert against upward risks to inflation was underlined by the governor of the European Central Bank, Trape.

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It highlights the risks of rising inflation, leaving open the possibility of another interest rate hike in October.

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The European Central Bank (ECB) should remain vigilant against upside risks to inflation, but not rush to make hasty decisions, Bank of Greece Governor and ECB Governing Council member Yiannis Stournaras said. Speaking to Bloomberg from Dublin, where he is attending a meeting of European finance ministers and central bankers, Mr. Stournaras described as “good news” the fact that so far there have been no secondary effects on inflation, such as t…