 Have to be open to policy rates moving into restrictive territory for a period in 2023It is premature to be talking about terminal rateIt would be wrong to ascribe out current inflation problem solely to supply shocksOn the balance of things, it would seem like the ECB is leaning more towards a 50 bps rate hike but even up until now, it is hard to rule out a potential 75 bps move yet. That will make it a bit tricky to man... 