The ECB is likely to keep raising interest rates as a repeat of the 2008 financial crisis is unlikely with European banks subject to tougher rules than regional U.S. banks, Belgian central bank chief Pierre Wunsch said.
The European Central Bank raised rates by 50 basis points on Thursday, leaving the door open to future hikes as it forecast inflation to remain stubbornly above its 2% target through 2025.
"We know that we have to do more of this. At what measure? That's not clear. It will meeting by meeting," Wunsch said. "We don't have any information indicating the European banks to be vulnerable," Wunsch said. "If you look at the Belgian banks, they are more solid than the average of European banks. That's why it is very hard to imagine a repeat of the financial crisis."
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