By Tobias Kaiser (Die Welt)
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Although Peter Pret has not sat on the Executive Board of the European Central Bank (ECB) since 2019, interest in his interventions on monetary policy has not weakened. The former Chief Economist of the Central Bank is a highly sought after analyst, commentator and speaker.
Die Welt met him within the EIB Group Forum of the European Investment Bank. Preet is a bit late. He is coming out of an informal meeting with about fifty leading economists.
DIE WELT.- The persistence of inflation in the Eurozone has surprised observers. Above all, core inflation has accelerated, a sign that price growth is tightening. It seems certain that the ECB will decide on an interest rate hike at its next meeting. How many more will follow?
Peter Praet: I don’t know. No one knows, but the policy rate could still reach four percent this year. It’s nothing out of the ordinary. Currently, it is 2.5%. There…
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Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.