According to De Gindos of the ECB further rate hikes are necessary
According to him, Europe's central bank will definitely start to reduce the balance sheet as early as 2023.
Eurozone retail sales (m/m) for September increased by 0.4%, in line with the forecast. Last time the indicator was losing 0.3%.
On an annualized basis, the figure fell 0.6%, better than the -1.1% forecast. The indicator was down 1.4% in the last period.
