What is certain, however, is that the ECB Governing Council will make its decisions based on the data. 5/7  BIS - Central bankers' speeches  Or, to put it in the words of ECB President Christine Lagarde: it is unlikely that in the near future the central bank will be able to state with full confidence that the peak rates have been reached.
This is why our policy needs to be decided meeting by meeting and has to remain data-dependent. 4 I can only second this assessment. Once we have reached peak interest rates, another question will come increasingly to the fore: how long will we have to keep our foot so firmly on the monetary policy brake?