> ECB's Rehn: Significant rate hikes are needed in the coming meetings

ECB's Rehn: Significant rate hikes are needed in the coming meetings

Rehn says that 'significant' could mean 50 bps or 75 bps in October

Thursday, 29/09/2022 | 08:53 GMT

Frontloading in July and September has been justified
Expects the ECB to get to neutral rate by Christmas

This just echoes Lagarde's remarks earlier in the week when she said that the ECB will still have to raise rates for the next 'several' meetings. A better question would be where exactly does Rehn see the neutral rate as being?