ECB’s Wunsch Says ‘Bit More’ Probably Needed on Rate Hikes

The European Central Bank might need to raise interest rates further before coming to a pause in its hiking cycle, said Governing Council member Pierre Wunsch.

“I’m inclined to say we maybe need to do a little bit more,” the hawkish Belgian central bank governor said Saturday, adding that the “idea that we’ll have to come to a pause at a certain point can’t be excluded.”