The market has priced in another 150-bps worth of rate hikes from the European Central Bank.
To that end, policymakers Mueller and Vasle said that rate hikes will likely continue after the March meeting, which is expected to result in a 50-bps increase.
The U.K. will extend its energy price guarantee for three months.
Lufthansa reported strong results and said that it expects significant improvement in profit for the year.