ECB's Centeno: Monetary policy in terms of fixing key rates is at maximum of this cycle

ECBs Centeno is out with a comment which is a bit confusing. He says:

• Monetary policy in terms of fixing key rates is at maximum of this cycle

But he is now following that up by saying:

• Interest rates adjustment is still underway
• Interest rates historically are not high but they are rising fast
• ECB rates to remain high for some time after rate peak
• Rates should start to come down sometime in 2024
• We must be approaching in the terminal rate. If this is done in June or July, there is a very important condition that is inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term

There was an earlier report on Bloomberg that some ECB's sources said their could be a rate hike in September stretching out the expected rate hike timetable.