Italian PM Draghi said ECB rate rises will be more gradual than from the FOMC

Italian Prime Minister Mario Draghi is a former ECB president, the immediate predecssor to current Presdient Lagarde.

Draghi was speaking on a visit to Kyiv on Thursday.

  • the US has full employment, & US inflation excluding energy and raw material prices is much higher than in the euro zone
  • For this reason, while interest hikes are “inevitable” in Eurozone “the pace of adjustment is bound to be more gradual”

Posting this as a catch-up ICYMI. Speaking of cath-up … c’mon ECB!

ECB interest rates unchanged since 2019
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