The European Central Bank (ECB) should raise interest rates again next week, according to indications in the article. The decision comes in response to the worsening inflationary situation in the eurozone.
The president of the Bundesbank, Germany's central bank, publicly admitted that a rate increase is expected. This position of the German official is significant given the weight of the German economy in the eurozone.
The worsening inflation has been pressuring European monetary authorities to adopt more restrictive measures. This new rate hike represents another effort by the ECB to try to control the widespread increase in prices.
