ECB's president Christine Lagarde today said she sees 'every reason' to hike the FR in March by further 50bps.

What's going on in the background is that the ECB is heavily engaged in buying bonds along the yield curve and defending the illusion of stability in public debt of the Eurozone and the liquidity of the Eurodollar market while performing the comedy of QT. These rate hikes have no impact on the still rising inflation - they are trapped and they know it. See You in Japan, Chrissie!