regulatory commission

According to reports, European Central Bank (ECB) Regulatory Commission Holtzman said that inflation is more stubborn than expected, and most people believe that more interest rate hikes are needed. I expect several more rate hikes, and I am concerned that the ECB’s peak interest rate will be higher than 4%. (Oriental Wealth) European Central Bank Regulatory Commission Holzmann: Most people believe that more interest rate hikes are needed Analysis based on this information:The European Central Bank (ECB) has been facing a challenge with stubborn inflation levels. According to reports, the ECB’s Regulatory Commission Holtzman has stated that inflation is more persistent than expected. As a result, the majority of people believe that there is a need for more interest rate hikes to combat inflation. Many economists believe that increasing interest rates can help to reduce inflation. When interest rates rise, borrowing and spending decrease which results in lower inflation rates. Due to this reason, ECB has increased interest rates in…