ECB Policymakers Anticipate Another Rate Hike as Inflation Remains High

The European Central Bank (ECB) policymakers who met last month expected another interest rate hike to be necessary to bring inflation back down to 2%, according to the ECB's account of the meeting.

While decisions remained data-dependent, another rate hike would likely be necessary unless the inflation outlook improved significantly, the ECB said. This indicates that the bank is keeping an eye on inflation and is prepared to take further action if needed.