Was it soon with the rise in interest rates? “The one-way street is over”

The European Central Bank (ECB) has increased the key interest rate from zero to 3.5 percent in six steps since July 2022. It may not go much further. “In any case, the one-way street has come to an end,” says Michaela Keplinger-Mitterlehner, chairwoman of the banks section of the Upper Austrian Chamber of Commerce. “Expectations for the future have changed.” Up until the banking turmoil in the US and at Credit Suisse, there had been expectations on the futures markets that the ECB