The European Central Bank (ECB) is warning governments and other investors to get ready for higher interest rates.
ECB member Benoit Coeure told a finance conference Monday that a looming adjustment to the bank’s monetary policy is transparent.
“It’s obvious that the financial sector, and other economic actors and especially governments must prepare (for higher rates),” Couere told conference attendees.
“I hope that euro zone governments know that interest rates will not stay at current levels,” Coeure added.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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