ECB’s Wunsch cites persistent inflation to back the need to “do a little bit more”

“I’m inclined to say we maybe need to do a little bit more,” said the Belgian Central Bank Governor and European Central Bank (ECB) Governing Council member Pierre Wunsch on Saturday, via a radio interview shared by Bloomberg.

The policymaker initially cited the dissipating price pressures before saying that the ECB's 2% target rate won't be hit before 2025 due to the persistent inflation.

ECB’s Wunsch also defended the market’s idea that the ECB will have to take a pause at a certain point while adding, “its too early to talk about stopping hiking completely.”

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