Weekend: ECB Vice President de Guindos said interest rate hikes are in their final stretch

European Central Bank Vice President Luis de Guindos spoke with an Italian newspaper over the weekend.

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• Interview with Il Sole 24 Ore

Main point summary:

• "We have now entered the home stretch of our monetary policy tightening path,"
• "And that’s why we are returning to normality, to 25 basis-point steps."

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The background to his comments on slowing the pace of hikes is that the ECB has raised rates by a combined 375 basis points since last July. The ECB says more hikes are coming, but at a more measured pace of 25 basis point increments, after oversized moves in the early part of its tightening campaign.