Austrian Presidency Of EU Demanding A Rate Hike

Forex News

The Austrian presidency of the EU told finance minister and central bankers to consider raising interest rates in this week’s meetings in Vienna. Austria explained its demand, by asking: "Do you agree that interest rate normalization will in itself not generate problems in the financial sector?"

Austria also referred to Fed’s policy and rate hikes, saying: "in the USA, the FED, which implemented its measures in times of financial turmoil, has already started to increase policy rates with no major economic disruptions yet."