ECB policymakers converging on end-point for rate hikes

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FRANKFURT — The European Central Bank’s tough talk on Thursday may not have convinced investors hoping for an early end to rate hikes, but ECB policymakers largely agree on how much more is needed to tame inflation, six of them said.

The central bank for the 20 countries that share the euro has raised interest rates by a combined 3 percentage points since July, the most in its history, and on Thursday promised another big move in March.

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Yet markets still pared bets on further rate hikes overnight, interpreting the bank’s lack of guidance on subsequent moves as evidence its commitment to fighting inflation is waning.

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