Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

ECB signals December rate hike as October inflation keeps rising

Bloomberg ·
ECB signals December rate hike as October inflation keeps rising
  • ECB Governing Council member Ante Zigman said there is a rather big chance interest rates rise in December, citing continued inflation increases in October.
  • Zigman said the ECB is likely to raise borrowing costs next month for the third time since the Iran war began.

Quotes

“Inflation has continued to rise in October”— Ante Zigman
“We can say that there’s a rather big chance that interest rates rise in December.”— Ante Zigman

Sources

ECB signals December rate hike as October inflation keeps rising — Heurist Finance