Talk of a third 0.75% rate hike from the ECB in six weeks

'This energy crisis is causing massive inflation, which we have to defeat', ECB president Christine Lagarde said

European Central Bank president Christine Lagarde: 'We want to tame inflation, bring it back to reasonable levels.' Picture: Michael Probst/AP

Less than a week after delivering a 0.75% interest rate hike, speculation has already begun on what steps the European Central Bank (ECB) will take at its next Governing council meeting in six weeks' time.

In its ongoing efforts to reduce EU-wide inflation of more than 10%, the ECB has set out a series of planned rate hikes into next year as it brings more than a decade of low-interest rates to an end.