More ECB officials warn about interest-rate rises

ECB chief economist Philip Lane, who was governor of the Irish Central Bank previously, said rates could rise for some time.

ECB chief economist Philip Lane is one of a number of central bank officials to warn of interest rate increases in recent days.

The European Central Bank must be resolute in its response to inflation rates that could reach the double digits later this year, Bundesbank president Joachim Nagel has said.  

“If the data trend continues, more interest-rate increases have to follow — that’s already agreed in the Governing Council,” said Mr Nagel on Sunday.