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HomeEconomyECB's Makhlouf undecided on rate hike after July

ECB's Makhlouf undecided on rate hike after July

DUBLIN (Reuters) – European Central Bank Governing Council member Gabriel Makhlouf said on Saturday that while some colleagues already think further rate hikes are needed after July, he is prepared to wait and see the evidence .

“Based on the evidence we have so far, it does look like another basis point increase in July” some Colleagues do think we may need to raise rates further in the fall. I’m just going to look at the evidence,” Makhlouf told the Irish Independent.

“I do feel we are close to the top of the ladder. Some others might think we’re still low, but we’ll see. ”

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