Rate rises take toll as ECB cycle nears end

THE outlook for European interest rates remained confused after Thursday’s latest hike in rates from the European Central Bank.

On the good news front, there is a growing belief that the current interest rate cycle may be closer to the end than some suspect.

Whatever difficulties remain about trying to decipher which way the ECB will jump next time, a growing number of economists are saying another hike in March, if its happens, will see the end of the bank’s tightening cycle.