ECB’s Makhlouf undecided about rate rise beyond July
2023.06.24 04:34
© Reuters. FILE PHOTO: Governor of the Central Bank of Ireland Gabriel Makhlouf looks on during a press conference at the Institute of International and European Affairs (IIEA) headquarters, in Dublin, Ireland December 5, 2022. REUTERS/Clodagh Kilcoyne/File Photo
DUBLIN (Reuters) – European Central Bank governing council member Gabriel Makhlouf said on Saturday that while some colleagues already feel further interest rate rises will be needed beyond July, he is prepared to wait and look at the evidence.
“On the evidence that we have at the moment, it does look like, in July, there will be another 25 basis point increase. Some colleagues do feel that we’re likely to need further rises in the autumn. I’m just prepared to look at the evidence,” Makhlouf told the Irish Independent in an interview.
“I do feel that we’re near the top of the ladder. Some others may feel we’re further down, but we’ll see.”
