We have emphasized in the Council of the European Central Bank that interest rates must be raised as long as we can be reasonably sure that price increases will be slowing down to a sustained level close to 2% within a reasonable period of time. In the light of what we know now, this means that yesterday’s decision to raise interest rates will not be the last, writes Madis Müller, president of Eesti Pank and member of the European Central Bank Council, in the blog of the Central Bank of Estonia.
We have emphasized in the Council of the European Central Bank that interest rates must be raised as long as we can be reasonably sure that price increases will be slowing down to a sustained level close to 2% within a reasonable period of time. In the light of what we know now, this means that yesterday’s decision to raise interest rates will not be the last, writes Madis Müller, president of Eesti Pank and member of the European Central Bank Council, in the blog of the Central Bank of Estonia.
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