ECB board member about a necessity of further raising of interest rates


November 25, Fineko/ Isabelle Schnabel, a member of the Board of the European Central Bank, said that the slowdown in interest rate growth will happen quickly.

ABC.AZ reports that Ms. Schnabel believes that doing this in an environment where inflation is still high is wrong.

She said that inflation still threatens the eurozone economy, so it is necessary to continue raising interest rates.

In October, inflation in the eurozone reached a record 10.6%. Experts believe that inflation will begin to decline from the 1st half of 2023.

By Elmir Murad