ECB's Dimitar Radev: October Rate-Hike Pause Does Not Mean Tightening Is Over

European Central Bank Governing Council member Dimitar Radev said the October pause in rate hikes did not mean monetary tightening had ended. According to Sina Finance, he said policymakers should not wait for evidence that higher energy costs were driving up wage demands before acting, although there are currently no signs of such effects. Radev said persistent inflation pressures could require further rate increases and that current rates should not be assumed sufficient. He also said that although Europe had so far managed multiple risks, the economic situation was becoming increasingly challenging.