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Exclusive: ECB’s Radev: Rate Hikes Would Require Persistent Services Inflation, Wage Growth

Exclusive: ECB’s Radev: Rate Hikes Would Require Persistent Services Inflation, Wage Growth

By Marta Vilar – MADRID (Econostream) – Hiking interest rates would require clearer evidence of persistent services inflation and strong wage dynamics, as well as signs that domestic price pressures were failing to ease as projected, according to Dimitar Radev, governor of the Bulgarian National Bank and member of the European Central Bank Governing Council.

19 January 2026

Insights

ECB Tone Meter

Entire Governing Council

27 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 21 January 2026

ECB Tone Meter

Meeting Bias

ECB Governing Council Meeting