Radev Warns ECB May Hike Rates Again Amid Persistent Inflation Fears

Bulgarian Central Bank Governor Dimitar Radev has hinted at another interest rate hike in September, saying that the European Central Bank (ECB) should remain vigilant about inflation.

In an interview with Econostream, Radev emphasized the need for caution due to inflation remaining above the ECB's target and warned of a possible prolonged energy shock. He believes that current data increasingly supports 'another measured step' in monetary policy.

Radev expects economic forecasts to show some upward pressure on short-term inflation while economic growth remains weak, but he thinks it's essential to allow previous rate increases time to affect the economy.