The present interest rates are appropriate if inflation develops as projectedUnless there's any other significant development, there's no need to take action soonRisks to inflation are balancedIn this context, interest rates can go either way nextI wouldn't like to exclude a rise in interest rates if the need arisesNo reasons to be too worried about a more permanent undershoot of inflationPatsalides joins Schnabel in considering rate hikes if the need arises. This would put him into the neutral/hawkish camp. Talking about rate hikes now is of course premature, but it could get more traction in 2026 depending on the economic and inflation developments. This article was written by Giuseppe Dellamotta at investinglive.com.