Global Market: ECB may pause rate hikes after December amid growth risks
European Central Bank policymakers expect to raise interest rates by 25 basis points in December to counter energy-led inflation, before pausing further monetary tightening as rising bond yields are expected to weigh on economic growth and price pressures.
European Central Bank (ECB) policymakers expect to raise interest rates in December to tackle rising energy-led inflation before pausing further monetary tightening, as higher bond yields are expected to weigh on economic growth and inflation, Reuters reported, citing three sources familiar with the discussions.The ECB kept interest rates unchanged at its latest policy meeting on Thursday, in a widely anticipated decision.
