Central Banks

ECB’s Centeno Warns Against Going Too Far in Raising Rates

Portuguese central banker speaks in Bloomberg TV interview
Centeno also cautions against rushing the debate on QT

WATCH: “There’s one thing that I’m always worried about as a decision maker, and it’s not to be pushed to backtrack,” Centeno told Bloomberg.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Carolynn Look, Anna Edwards, and Mark Cudmore

September 29, 2022 at 6:32 AM UTC

This article is for subscribers only.

European Central Bank Governing Council member Mario Centeno warned that lifting interest rates too much to curb inflation risks having to partially reverse the moves down the line as the economy weakens.

While consumer-price data due this week are expected to show another all-time high for the 19-member euro zone, the risks of a recession are also rising amid the worsening energy crisis.