It was reported that the European Central Bank (ECB) may continue to increase the policy rate in order to reduce inflation.
In the summary text of the monetary policy meeting held by the ECB Governing Council on 14-15 June, it was stated that continuing to increase the monetary policy interest rate was evaluated.
In the summary, which is noted that monetary policy has more grounds to bring inflation back to the targeted level on time, “There has been an opinion that the Board of Directors may consider increasing interest rates after July if necessary.” statements were included.
In the statement, it was noted that the decisions of the central bank regarding the direction of monetary policy will be made after the evaluation of the data on the economy at future meetings.