That said, I have been quoted in the papers that I believe that the Fed will do another 75 bps [hike]. How exactly we will respond to the future actions of the Fed, we will be data-dependent.
If they are obsessed with anything, it is with fiscal policy.” 8  BIS central bankers’ speeches  So it is particularly important to make it quite clear now that the Eurosystem will not put off a necessary increase in central bank interest rates out of consideration for public finances.