ECB's Makhlouf says anticipates that 50 bps rate hike is "where we will end up"

• Haven't reached the stage that we are confident inflation is under ccontrol
• Anticipates that there will be further rates hikes next year

That at least gives some idea of what to expect but on the balance of things, markets are arguably leaning towards a 50 bps move anyway at this juncture. The Fed may be the main focus next week but don't forget about the ECB as well.