ECB's Makhlouf Can 'Understand' Expectations of Two Hikes

Bank of Ireland Governor and European Central Bank Governing Council Member Gabriel Makhlouf says two interest-rate increases are part of the ECB's baseline scenario and that he can "well understand" why the market expects that. Speaking on Bloomberg Television after Thursday's decision to keep rates on hold, he also discusses the central bank's 2% inflation target and the impact of higher energy prices. (Source: Bloomberg)