IMF Says ECB Needs More Rate Hikes After 25-Basis-Point Move
Updated
Updated · Bloomberg · Jun 11
IMF Says ECB Needs More Rate Hikes After 25-Basis-Point Move
3 articles · Updated · Bloomberg · Jun 11
Summary
Hours after the ECB raised rates by a quarter point, the IMF said borrowing costs will likely need to rise further in the euro area.
The fund said additional tightening is needed to contain the inflation impact of the shock hitting the currency bloc.
The warning came in the IMF’s annual assessment of common euro-area policies, adding outside pressure for Frankfurt to keep tightening beyond Thursday’s move.