Interest rates will rise again in February and March, Central Bank chief says

Gabriel Makhlouf says interest rates will rise at the next two meetings of the ECB, but says there is ‘uncertainty’ about policy decisions after that

Gabriel Makhlouf: ‘Despite the recent easing of inflation, it remains too high.’ Picture: Patrick Browne

The European Central Bank (ECB) will hike interest rates again at a meeting at the start of February, and again in March, according to the secretary general of the Central Bank of Ireland (CBI).

Gabriel Makhlouf today told the Oireachtas finance committee that while rates were likely to increase steadily in the coming months, there was a “degree of uncertainty over policy decisions beyond that”.

His comments come as the ECB continues to harden its ...