World's central banks prepare for another round of rate hikes

Gabriel Makhlouf, governor of the Central Bank of Ireland will deliver a speech on monetary policy that will be closely followed for clues in relation to next week's ECB meeting. Picture: Leah Farrell / RollingNews.ie

If European Central Bank president Christine Lagarde and her colleagues need to hone the guidance about their final interest-rate increase for 2022, the window to do so is closing.

Wednesday will mark the final opportunity to give hints to investors on a hike in borrowing costs that might be a half point or 75 basis points.