Interest rate expectations from ECB member

Gabriel Makhlouf, a member of the European Central Bank’s (ECB) Governing Council, said that making two more rate cuts this year would be going a bit too far. Gabriel Makhlouf, a member of the European Central Bank’s (ECB) Governing Council and president of the Central Bank of Ireland, said that he needed more time to gain confidence that inflation was heading towards the 2% target and that he was more comfortable with just one rate cut this year. “I am comfortable with the prospect of another rate cut. I think two cuts today, at the beginning of July, would probably be going a bit too far. I am not saying that I am ruling that out,” Makhlouf said on the sidelines of the Central Banking Forum.