September rate hike 'needs to be substantial' : ECB governing Council

On July 25, Kazaks, the Governing Board of the European Central Bank, said that a rate hike in September "needs to be quite substantial", and the drastic rate hike may not be over yet. We should be open to discussion of more rate hikes. BlockBeats previously reported that on July 21, the European Central Bank raised all three key interest rates by 50 basis points, with the market expecting a 25 basis point increase, the first hike in 11 years. The rate will take effect on July 27, 2022. The (golden) ten