From the point of view of ECB President Christine Lagarde, an interest rate hike is currently unlikely to be expected in the next year.
The European Central Bank (ECB) named three conditions in its monetary policy outlook that must be met before interest rates begin to rise, Lagarde said on Wednesday in a speech at an event in Lisbon, according to the text of the speech.
"Despite the current surge in inflation, the inflation outlook remains muted over the medium term and it is therefore very unlikely that these three conditions will be met next year," she said.
At their interest rate meeting last week, the monetary watchdogs did not allow themselves to be lured out of the reserve despite rapidly rising prices and clearly rejected interest rate fantasies on the stock exchanges.
At the same time, Lagarde had signaled that the trillion-dollar Corona emergency program PEPP should end in March 2022.
The ECB still considers the current surge in inflation to be only a temporary phenomenon.
In the medium term, the central bank continues to expect that inflation in the currency area will be below the ECB's inflation target of two percent.