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ECB's Makhluof: Have Not Reached The Moment Where We Can Say Let's Now Stop; Picture A Lot Less Clear Beyond Probably Rate Increases In June And July
- ECB's Makhluof: Have Not Reached The Moment Where We Can Say Let's Now Stop
— LiveSquawk (@LiveSquawk) June 2, 2023
- Picture A Lot Less Clear Beyond Probably Rate Increases In June And July - RTE
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ECB’S MAKHLOUF: WE ARE LIKELY TO SEE ANOTHER 25 BPS RATE INCREASE.
— Breaking Market News (@financialjuice) June 2, 2023
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Central Bank Governor warns of impact of Budget measures on inflation
The Governor of the Central Bank has warned that the Government needs to think very carefully about what affect policy proposals could have on inflation as it begins to frame October's budget. Gabriel Makhlouf said if Government policy choices fuel demand at a time when the European Central Bank is trying to slow it down, it just means that monetary policy is going to have to work harder. "So I think the decisions that are made on the budget, apart from the usual concern about debt sustainability, about not relying on surprise corporation tax increases to fund regular recurring spending, I think it's also very ... (full story)