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ECB's Makhlouf says he can see scenarios where rates go beyond 3%

12/05/2022 | 06:12am EST
FILE PHOTO: European flags are seen in front of the ECB building, in Frankfurt

DUBLIN (Reuters) - European Central Bank policyamker Gabriel Makhlouf said he could see scenarios where the ECB pushes interest rates beyond 3% and that he was not sure that euro zone inflation had peaked yet.

"I think starting to talk about where we're going to end up is probably premature and I can see scenarios where we go beyond 3%," Makhlouf told Reuters in an interview when asked how comfortable he was with market pricing of a terminal rate just below 3%.

"I'm not sure it (inflation) has peaked, I'm reserving judgment on that but I would hesitate to say that it's peaked. Just the fact that it's fallen in the flash estimate for November, you know one swallow doesn't make a summer."

(Reporting by Padraic Halpin; Editing by Gareth Jones)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.15% 0.64929 Delayed Quote.1.97%
BRITISH POUND / EURO (GBP/EUR) -0.02% 1.12432 Delayed Quote.0.32%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.14% 0.684997 Delayed Quote.0.33%
INDIAN RUPEE / EURO (INR/EUR) -0.31% 0.011102 Delayed Quote.-0.36%
US DOLLAR / EURO (USD/EUR) 0.11% 0.909124 Delayed Quote.-1.46%
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