ECB will continue raising rates “significantly” at sustained pace, De Cos says

ECB will continue raising rates “significantly” at sustained pace, De Cos says

MADRID (Reuters) – The European Central Bank will continue raising interest rates “significantly” at future meetings, at a sustained pace, to ensure that inflation returns to the 2% target over the medium term, ECB policymaker Pablo Hernandez de Cos said on Wednesday.

“Keeping interest rates at tight levels will reduce inflation by dampening demand and will also protect against the risk of a persistent upward shift in inflation expectations,” De Cos told a financial event in the evening.

(Reporting by Jesús Aguado; editing by Balazs Koranyi)

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