28 November 2022 | Other

ECB’s Makhlouf expects less interest rate hikes in 2023

During the interview for Sunday Independent newspaper, Gabriel Makhlouf, head of the CB of Ireland and governing council member of the European central bank, said the pace of interest rate hike in the Eurozone will probably slow down in 2023.

Since July, the ECB has been raising rates at the fastest pace. Markets now expect a 50-75 basis point increase after the next Council meeting on December 15. In the same week, Makhlouf expressed his positive view of possible rate hikes.

Economists were convinced of the need for more rate hikes for the sake of lower inflation. However, due to the report published by the bank on Thursday it became clear that experts are not ready yet to come to a consensus on the further monetary policy.

Company MarketCheese
Period: 12.06.2026 Expectation: 400 pips
Invest in Brent crude up to $102
Today at 11:41 AM 15
Period: 12.06.2026 Expectation: 600 pips
AUDCAD has no clear direction amid de-escalating geopolitical tensions
Today at 10:58 AM 7
Period: 05.07.2026 Expectation: 2400 pips
Buying USDCAD with 1.41400 target
Today at 09:06 AM 19
Period: 12.06.2026 Expectation: 800 pips
GBPUSD is stuck in flat trend amid Middle East uncertainty
Today at 07:06 AM 13
Period: 11.06.2026 Expectation: 1650 pips
Selling S&P 500 with 7,370 in sight on rising likelihood of Fed’s hawkish policy
Yesterday at 11:51 AM 32
Gold buy
Period: 05.06.2026 Expectation: 290 pips
Buying gold with $4,770 in view
Yesterday at 11:13 AM 59
Go to forecasts