Makhlouf Says Next ECB Move Could Be Rate Cut or Hike

European Central Bank Governing Council member Gabriel Makhlouf said policymakers’ next move could be to raise or lower borrowing costs.

“I’m not ruling out further reductions, I’m not ruling out actually the possibility that interest rates could also go up,” the Irish central bank chief told Shannonside radio in an interview on Thursday. “What I’m saying is that at the moment it does look as if inflation is on track to deliver our target so we’re in a good place.”