European Central Bank interest rates at their current levels will help bring euro-area inflation to the 2% target, according to Vice President Luis de Guindos.
“We reckon this level of rates, if maintained over time, will make a substantial contribution to our goal, which is the convergence of inflation toward the 2% target,” Guindos told a conference in San Sebastian, Spain, on Monday.
After 10 consecutive hikes in borrowing costs, markets and economists now believe that the ECB is at peak rates. That notion was supported by the most recent set on consumer-price data, which showed that both headline and core inflation eased in September.
Some Ontario landlords are looking to change their long-term rental units into short-term leases where they stand to make more profit and face fewer challenges with the province’s backlogged tribunal, according to two landlords with groups representing rental operators.
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