HomeLive CommentsECB Makhlouf: Premature to be talking about end-point for policy rates

ECB Makhlouf: Premature to be talking about end-point for policy rates

ECB Governing Council member Gabriel Makhlouf said, “To continue on our path to bring inflation back to our 2% target, I see a 50 basis-point increase in interest rates as the minimum needed at our December meeting.”

“We have to be open to policy rates moving into restrictive territory for a period,” the Irish central-bank chief said. “It is premature to be talking about the end-point for policy rates amid the prevailing levels of uncertainty.”

“The justification for the expansion of the balance sheet – too low inflation and the risk of deflation – has ended, and it is time to look at reducing its size,” he said.

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