Central European member, Makhlouf
Expect Bank of Ireland Governor and Member Bank central European Gabriel MakhlufToday, Monday, that the European Central Bank will raise the interest rate by 50 points at its next meeting, December 15, to confirm that this increase is the minimum required at the next meeting of monetary policy members, and the following are some of the statements of the policy maker of the Central European Union:
- It is too early to talk about halting interest rate hikes given the rampant uncertainty.
- The ECB’s monetary policy is expected to enter narrow territory for some time in 2023.
- The risks of higher inflation rates are steadily increasing, and as price pressures mount, the issue of monetary tightening gets louder.
- We are faced with several complex problems of quantitative tightening.
- It would be a mistake to treat the current problem of high inflation solely as a consequence of the supply crisis.
