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  • ECB's Governing Council member Makhlouf says beyond probable rate increases in June and July, the picture is a lot less clear
Ekonomické zprávy
02.06.2023

ECB's Governing Council member Makhlouf says beyond probable rate increases in June and July, the picture is a lot less clear

European Central Bank's Governing Council member Gabriel Makhlouf told RTE on Friday that, despite a very welcome - but not definitive - decrease in the eurozone inflation in May, another 25 basis point rate increase is likely at the ECB's next meeting as the underlying pressures and services inflation remain quite strong. "We need to see and be confident that we're seeing inflation actually on a trajectory that is going to achieve our 2% target," he noted. 

Also, the policymaker added that he sees an additional rate hike in July, but beyond that, the picture is a lot less clear. "In both cases, June, July, and in the future, we're going to be driven by the data," he admitted.

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