ECB Near ‘Top of Ladder’ on Rate Tightening, Makhlouf Says

The European Central Bank is in the final stretch of its historic cycle of interest-rate increases, according to Governing Council member Gabriel Makhlouf.

“Given our current outlook for inflation, we are likely to be close to ‘the top of the ladder,’” he said Saturday in Dubrovnik, Croatia. “So slowing the pace to standard rate steps is appropriate.”