BERLIN (Reuters) – The European Central Bank (ECB) is expected to raise interest rates significantly at its next two monetary policy meetings scheduled for February and March, Latvian central bank governor Martins said on Tuesday. Kazaks.
“Over the next two meetings, I think we can still make some pretty big steps,” he told Bloomberg.
“Of course, these steps can become smaller if necessary as we find the appropriate level to bring inflation down to 2%,” he added.
The ECB, which has raised rates by a total of 250 basis points since last July, anticipates inflation above its target of 2% until 2025.
Inflation in Germany slowed year on year in December, to 9.6%, according to the first estimate published Tuesday by Destatis. The price figures for the whole of the euro zone will be published on Friday.
(Written by Maria Sheahan; French version Claude Chendjou, edited by Blandine Hénault)
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