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: 26.07.2026 Expectation: 1600 pips
Buying AUDCAD from support level
Today at 10:41 AM 17
Period: 03.07.2026 Expectation: 1310 pips
GBPUSD is still poised for further downside
Today at 10:12 AM 17
Brent sell
Period: 03.07.2026 Expectation: 500 pips
Higher supply and weaker demand is likely to push Brent into red zone by weekend
Today at 08:09 AM 13
Period: 26.07.2026 Expectation: 3100 pips
Invest in USDCAD up to 1.45000
Today at 07:22 AM 14
Period: 02.07.2026 Expectation: 19500 pips
Selling ETHUSD with $1,585 in view following short-lived recovery
Yesterday at 11:10 AM 34
Period: 31.07.2026 Expectation: 220 pips
Buying AUDCAD up to 0.9837
Yesterday at 09:57 AM 14
Go to forecasts