“I see a 50 basis point increase in interest rates as the minimum needed at our December meeting“, said on Monday Gabriel Makhlouf, member of the Governing Council of the European Central Bank (ECB).
Additional comments
We have to be open to policy rates moving into tight territory over period in 2023.
It is premature to talk about the end point of the monetary policy rates in the midst of the existing levels of uncertainty.
Quantitative tightening is a complex issue.
It would be wrong to attribute our current inflation problem solely to supply shocks..
As price pressures spread throughout the basketthe risks of a consolidation of persistently high inflation are increasing, and the arguments in favor of a more restrictive monetary policy are reinforced.
The increase in the participation of forecasters who expect high inflation rates is a development that must be closely watched.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
