ECB warns of possible interest rate hike

The European Central Bank (ECB) is moving toward raising interest rates to prevent the oil price shock from creating spiraling inflation, writes Politico. Speaking to Politico, Alexander Demarco, the governor of the Bank of Malta, expressed a view that differs from other policymakers who have called for patience and more data before making firm decisions. […] The post ECB warns of possible interest rate hike appeared first on Baltic News Network.