ECB's Panetta: inflation seen above 2% for several quarters, further rate hikes could prove necessary

ECB Governing Council member Fabio Panetta said the outlook for prices is worsening, with inflation seen above 2% for several quarters and core inflation increases potentially becoming more pronounced early next year. He said further increases in policy rates could prove necessary, and saw room for further upgrades to Italy's credit.

Detected & updated continuously · Source: Nebula