European Central Bank committee member Makhlouf said that if the data shows that it is necessary, there is a possibility of raising interest rates in April.

Gabriel Makhlouf, a member of the European Central Bank's Governing Council, stated that he does not rule out the possibility of raising interest rates next month if data suggests it is necessary. However, he also pointed out that in such high levels of uncertainty at present, it is not possible to make a commitment. The Governor of the Central Bank of Ireland, in an interview, said that he "completely understands" the market's bet on two rate hikes this year, which is one of the scenarios for the ECB. However, he emphasized that he and his colleagues will remain calm and cautious when formulating policy responses.