ECB's Makhlouf: 50 bps rate hike is the minimum for December<ul><li>Have to be open to policy rates moving into restrictive territory for a period in 2023</li><li>It is premature to be talking about terminal rate</li><li>It would be wrong to ascribe out current inflation problem solely to supply shocks</li></ul><p style="" class="text-align-justify">On the balance of things, it would seem like the ECB is leaning more towards a 50 bps rate hike but even up until now, it is hard to rule out a potential 75 bps move yet. That will make it a bit tricky to manage pricing ahead of their policy decision on 15 December.</p>
This article was written by Justin Low at forexlive.com.
Source: ECB's Makhlouf: 50 bps rate hike is the minimum for December (https://forexlive.com/centralbank/ecbs-makhlouf-50-bps-rate-hike-is-the-minimum-for-december-20221205/https://forexlive.com/centralbank/ecbs-makhlouf-50-bps-rate-hike-is-the-minimum-for-december-20221205/)
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