Slok Says ECB May Hike Interest Rates Again in September
Bloomberg 2026-06-30 09:08:38
Context: Torsten Slok, chief economist of Apollo Global Management, expressed his expectations that the European Central Bank may raise interest rates again in September, citing uncertainty over second-round effects from months of energy-cost increases. Slok made these comments during an interview with Bloomberg Television at the ECB Forum on Central Banking in Sintra, Portugal. The forum brought together key figures in the financial industry to discuss pressing economic issues.
Key Facts
- Torsten Slok, chief economist of Apollo Global Management, believes that the European Central Bank will likely consider hiking interest rates in September due to ongoing uncertainty over second-round effects from energy-cost increases.
- Slok expressed his views in an interview with Bloomberg's Francine Lacqua at the ECB Forum on Central Banking, which took place in Sintra, Portugal.
- According to Slok, there is a "highest likelihood" that the European Central Bank will hike interest rates in September, indicating a strong possibility of further monetary policy tightening.
- The European Central Bank's potential interest rate hike in September could be a response to persistent energy-cost increases, which have been causing economic uncertainty and potential second-round effects.
- Slok's comments were made in the context of the ECB Forum on Central Banking, a significant event that gathers experts and policymakers to discuss critical issues affecting the global economy.