ECB's Makhlouf says the ECB is currently managing extreme uncertainty, adds that action will be taken if facts point to action, every meeting is a live meeting via Bloomberg interview
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On the Newsquawk feed at , 20 minutes before this page.
- Determined to achieve 2% inflation.
- Two price hikes are part of the ECB's baseline scenario.
- Hadn't contemplated cuts before the Iran War.
- Doesn't think ECB has a tightening bias.
Context
ECB's Makhlouf highlighted the central bank's focus on navigating extreme uncertainty, signaling that monetary policy will be responsive to evolving economic facts. His comments regarding the commitment to 2% inflation and a baseline scenario of two rate hikes indicate a cautious yet proactive stance, which may maintain pressure on EUR and could influence expectations across fixed income markets. Overall, the assertion of ongoing vigilance suggests the ECB may have room to adjust its path based on incoming data, keeping market participants on alert for future policy shifts.
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