ECB officials expect to raise interest rates further, and may raise interest rates again as soon as next month. People familiar with the matter said that in order to contain inflation that continues to be above 3%, tighter monetary policies may be needed. The market's bets on three more rate hikes may be too aggressive, and December may prove to be a more suitable time to raise borrowing costs, as the conference will be accompanied by the latest economic forecasts covering 2029. The yield on German 10-year treasury bonds rose 6 basis points to 3.51% at 23:14 Beijing time, a record high since 2009.

ECB officials expect to raise interest rates further, and may raise interest rates again as soon as next month. People familiar with the matter said that in order to contain inflation that continues to be above 3%, tighter monetary policies may be needed. The market's bets on three more rate hikes may be too aggressive, and December may prove to be a more suitable time to raise borrowing costs, as the conference will be accompanied by the latest economic forecasts covering 2029. The yield on German 10-year treasury bonds rose 6 basis points to 3.51% at 23:14 Beijing time, a record high since 2009.