ECB policymaker Joachim Nagel said the central bank may need to raise interest rates further if elevated energy prices persist, potentially moving policy into mildly restrictive territory. The ECB raised its key rate to 2.50% on Thursday, while the outlook for future hikes will depend on energy prices and inflation trends.

The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than…

The anticipation surrounding today’s decision and the structural rationale behind a turning point

The European Central Bank is widely expected to raise interest rates to 2.50% on Thursday as soaring energy prices amid the Iran war fuel fresh inflation concerns. With inflation…