Executive board member of the European Central Bank: Support current wait-and-see approach on interest rates.

European Central Bank board member Negel: The market expects that the European Central Bank will keep interest rates unchanged at next week's meeting and outline the growth and inflation scenarios under ongoing conflicts. The money market currently expects that the European Central Bank will raise policy rates from the current level to 2% by the end of the year, with a probability slightly higher than 50%. Like many colleagues, Negel expressed support for a "wait-and-see attitude", but recent market turmoil may have ended discussions about inflation falling below the European Central Bank's target of 2%. "The discussion about inflation not reaching the target may have ended for now," Negel said. "But given the turbulent situation, it is still too early to assess the long-term effects."