Italy PM Meloni says more ECB rate hikes may harm the economy

<ul><li>Simplistic approach of hiking rates is not the right path to take for many</li></ul><p>It's clear that not everyone is on board, as also evidenced by Centeno's remarks <a href="https://www.forexlive.com/centralbank/ecbs-centeno-inflation-is-easing-as-quickly-as-it-went-up-20230628/" target="_blank" rel="follow">here</a>. What is also now clear is that the recent decline in economic activity for June is not going down well with everyone, unlike the brushing aside that we saw from previous ECB speakers <a href="https://www.forexlive.com/news/ecb-turns-a-blind-eye-to-recession-risks-for-now-20230627/" target="_blank" rel="follow">here</a>.</p>

This article was written by Justin Low at www.forexlive.com.