The European Central Bank will probably likely raise interest rates in the second half of 2022, said Pablo Hernandez de Cos on Monday.
De Cos said rates hikes were not even considered in a "low period" next year as well as the second half of 2022 as the ECB cannot meet its forward-guidance policy.
The governing council member said that inflation will reach its medium-term target of 2% in 2023.
He spoke at a financial event ascertain. In December, there will be new forecasts. We have to analyze the market for this forecast.
A burgeoning government despite its full budget, a policymakers already say 2023, and even Lagarde said the drop in inflation is going to be slower.
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