ECB Decision Will be Hard for Many Companies to Absorb
Dow Jones
Yesterday
1313 GMT - The ECB's interest-rate increase will be painful for many companies to absorb, even though the move is understandable given persistent price pressure, says Volker Treier, the DIHK German chamber of commerce's trade chief. Treier urges the German government to "finally implement" measures to stimulate investment and growth, with higher rates likely to make financing investments more expensive. "This would particularly affect small and medium-sized enterprises seeking to invest in new machinery, digitalization, the use of AI, energy efficiency, and-fundamentally-the transformation of their business models," Treier says.
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