Central Bank governor: More interest rate hikes are on the way
The move, designed to fight inflation, will further push up the cost of mortgages
The Central Bank governor has said officials are set to raise interest rates significantly in the coming months, a move which will push up the cost of mortgages.
He also said high inflation is likely to last well into 2023, but the economy should avoid a prolonged downturn.
In a blog on the Central Bank’s website, Gabriel Makhlouf reflected on discussions from the International Monetary Fund’s (IMF) annual meeting last week in Washington DC, where ...