Fed's Evans: I expect 4% as the next year's highest rates, but that's a forceful path of rate hikes. I expect rates are to be between 3.25% and 3.5% by the end of the year. Fed's Evans: I expect rates are to be between 3.25% and 3.5% by the end of the year. BoC Senior Dep. Gov. Rogers reiterates the bank's belief that policy interest rates will need to rise further. ECB's President Lagarde: If high hikes needed, we will do so.
ECB's President Lagarde: It will take more than 2 meetings but less than 5 to get to the end of rate hikes. ECB: Looking ahead, ECB staff have significantly revised up their inflation projections and inflation is now expected to average 8.1% in 2022, 5.5% in 2023 and 2.3% in 2024. ECB: The expects to raise interest rates further, because inflation remains far too high and is likely to remain above target for an extended period.