President Lagarde: We might have to raise rates at several meetings. We might need to go beyond normalisation.
I would not go so far as to say that inflation has peaked, Rates are still in an accommodative range.
ECB's Nagel: The policy rate is still in the expansionary territory; it must be moved into restrictive territory, Recession is insufficient to get inflation back to target, We should start with QT at the beginning of 2023.
ECB’s Lane: In December we will make another hike and its scale should continue to progress towards the levels needed - MNI interview.
ECB's Villeroy: Personally, I favour a 50 BPS hike at the December 15th rate meeting.
51 of 60 economists believe the ECB is to raise the deposit rate by 50bps at the Dec 15th meeting to 2% - According to a poll.
Danske Bank: At next week’s meeting, we expect the ECB to deliver a 50bp rate hike with a hawkish twist.
Traders see peak ECB rate below 3%, the first time since the October hike.