Wunsch Says ECB's Case for Other Hike Not as Strong Now

AI Summary

European Central Bank Governing Council member Pierre Wunsch indicated that the case for an additional interest rate hike is less clear than it was in June. He acknowledged that markets still expect a hike but not as significant as previously anticipated, shared during an interview at the ECB Forum in Portugal.

European Central Bank Governing Council member Pierre Wunsch says a further interest-rate hike isn’t as clear as it was after the June meeting. “We might need another hike — that’s, of course, what the market is pricing — but not as much as we thought in June,” he says in an interview with Bloomberg's Francine Lacqua at the ECB Forum on Central Banking in Sintra, Portugal. (Source: Bloomberg)