Interest Rates

ECB could ‘go up one more rung’ with another interest rate hike, Gabriel Makhlouf says

Central Bank governor issues note of caution on inflation and says it’s ‘far too early’ to talk about cutting rates as markets bet monetary tightening will ease in 2024

Gabriel Makhlouf speaking to reporters as the Cental Bank published its latest Financial Stability Review on Thursday. Picture:

European policymakers could impose another interest rate hike, the Central Bank governor has said, in a warning that borrowing rates may not have reached the peak of their cycle despite a historic period of monetary tightening amid high inflation.

Gabriel Makhlouf said on Thursday morning that the European Central Bank (ECB) could still hike rates one more time. The cautionary note comes amid a growing sense that increases are likely to be over after the ...