Russia Ukraine Target Gap Cooper Russia Ukraine

ECB Must Narrow Interest-Rate Gap With Fed, OECD Says

Reading now: 232

The European Central Bank will have to raise its key interest rate much further if it is to bring down persistently high inflation, the Organization for Economic Cooperation and Development warned Tuesday.Inflation rates have surged since Russia’s invasion of Ukraine pushed energy and food prices sharply higher.

While there have been some recent signs that these rates are at or close to their peaks, the Paris-based research group said inflation is unlikely to fall back quickly to the 2% level targeted by many central banks.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.