ECB de Guindos: I absolutely honest don’t know rate hikes will continue until when

ECB Vice-President Luis de Guindos said today, “there will be more interest rate hikes, until when, I don’t know. I am absolutely honest, I don’t know.” He added that the central bank was committed to bring inflation down to its 2% target.

Separately, Governing Council member Gediminas Simkus said, “there will undoubtedly be a 50 bps increase in February.”