ECB Rate Hikes Risk Growth Says Makhlouf

ECB policymaker Gabriel Makhlouf warns that further interest rate hikes could damage economic growth. A prolonged Middle East conflict risks keeping inflation elevated.

Central Bank of Ireland Governor Gabriel Makhlouf participates in a session titled "The Future of Global Finance" during the Semafor World Economy conference in Washington, D.C., U.S., April 14, 2026. REUTERS/Elizabeth Frantz

The ECB could damage economic growth if borrowing costs rise further, Ireland central bank chief Gabriel Makhlouf said on Friday afternoon.

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