has all but committed to raising its key rate by half a percentage point next week to 2.5% but policymakers are expressing different preferences for March, suggesting that the debate is wide open, despite guidance for significant policy tightening at a “steady pace”.
“We need to continue to increase rates at our meeting next week – by taking a similar step to our December decisions – and also at our March meeting, although our future policy decisions need to continue to be data-dependent given the prevailing uncertainty,” Makhlouf told an Irish parliamentary committee.
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