<ul><li>Appropriate to discuss QT once rates reach neutral level</li><li>The discussion and decision should happen in 2023</li><li>Rates need to enter restrictive territory</li></ul><p style=““ class=“text-align-justify“>Nothing out of the ordinary as 75 bps is the expected decision for October at least. The ECB looks likely to hike until Q1 2023 before pumping the brakes on tighter policy – at least that seems to be the case for now.</p>

This article was written by Justin Low at forexlive.com.