European Central Bank's Governing Council member Boštjan Vasle said Friday that his personal expectation is that a 50-basis-point rate increase intended for the ECB's March meeting will not be the last one.
In Vasle's opinion, the March move will be followed by additional increases before the ECB reaches a level that will be sufficient to bring inflation back to the trajectory towards its goal of 2% inflation.
Also, the official added that the ECB will continue to reduce the size of its balance sheet after ending the full reinvestment of maturing debt earlier this month.