ECB officials are ready to raise interest rates in December
- ECB officials are prepared to raise interest rates in December if the inflation outlook does not improve, according to people familiar with the discussions.
- Given current data and the economic fallout from the Middle East war, another 25bps hike will likely be needed to curb price pressures, the people said.
- They stressed that no decision has been made and the outlook could change quickly, particularly given the unpredictable nature of developments in the Middle East.