European Central Bank Managing Director Casillas said that if inflation does not meet the target, he is prepared to raise interest rates

According to Golden Jubilee Data, European Central Bank Managing Director Casillas stated that if inflation fails to return to target, the ECB is prepared to raise interest rates, but it is too early to judge the outcome of the September meeting. Despite consumer price increases hovering around 3%, the market has bet that the European Central Bank will raise deposit rates by 0.25%. Cardaz said he will decide whether to push inflation back to 2% after evaluating data in September.