ECB Governing Council Member Says Further Rate Hikes May Be Necessary

Pierre Wunsch, Governor of the National Bank of Belgium and a member of the ECB Governing Council, said the European Central Bank may need to raise rates further. "We might have to raise rates again," Wunsch told reporters on Wednesday. "Given the significant uncertainty surrounding energy and the potential uncertainties from artificial intelligence (AI), I no longer predict when rate hikes will occur." Speaking at the IMF Annual Meeting in Bangkok, Wunsch said he could not determine whether the ECB would act later this month or wait until its final policy meeting of the year to raise rates. (Sina Finance)