Interest rate rise in Eurozone "the first of more to come": Spanish economist

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Interest rate rise in Eurozone "the first of more to come": Spanish economist

STORY: Interest rate rise in Eurozone "the first of more to come": Spanish economist DATELINE: Sept. 20, 2022 LENGTH: 00:01:31 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of Europe countries 2. SOUNDBITE (Catalan): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University STORYLINE: The European Central Bank (ECB) abandoned its customary caution last week and raised interest rates by 75 basis points. With inflation in the euro area reaching a record rate of 9.1 percent in August, the boldness of the ECB's record interest rate rise caused concerns. However, some experts say that this might be the first of more to come. SOUNDBITE (Catalan): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University "It was no surprise at all that the European Central Bank raised interest rates and it will raise interest rates again in the future. There is even talk of reaching a rate of three or four percent." Inflation in the euro area has been hovering at alarmingly high levels for a length

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