Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


LISBON (Reuters) – The European Central Bank’s key interest rates should soon hit their peak amid efforts to bring down inflation, unless new external shocks emerge, ECB Governing Council member Mario Centeno said on Friday.

He told a conference that interest rates will rise until the ECB thinks inflation can be brought down to its medium-term target of 2% “as quickly as possible”.

“We are on the way to achieving it… but we cannot hesitate in this process” of controlling inflation, he said.

The ECB raised the rate it pays on bank deposits by 50 basis points to 2% on Dec. 15, moderating its policy-tightening push after two consecutive 75 bps hikes.

ECB rates “should be reaching levels very close to the highest values” of the current cycle of monetary policy normalisation, “if we are not subject to more exogenous shocks in international and energy prices”, Centeno said.

Annual consumer price growth in the euro zone slowed to 9.2% in December from 10.1% in November, data from Eurostat showed on Friday, below the 9.7% forecast in a Reuters poll.

Centeno welcomed the four-month low reading, singling out a significant slowdown in Germany. He expected “some resistance” at the beginning of this year as automatic updates to wage contracts kick in.

In January and February there may be a kind of plateau in the inflation figure, but the expectations are that it will come down in line with the December ECB forecasts,” he said.

The ECB forecast a gradual decline in average inflation but only approaching its target within three years.


(Reporting by Sergio Goncalves, editing by Andrei Khalip and John Stonestreet)


Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts