As early as December, the US Federal Reserve announced that it was exiting its loose monetary policy. The Manager-Magazine confirmed this with reference to the minutes of the FED meeting. The main reason is rising inflation, which afflicts the currency watchdogs. 4-rate steps in 2022 are not excluded.
The decision of the FED mostly influences developments in Europe, at least indirectly, The US dollar is considered the leading currency in the world.
In December 2021 there was the highest inflation in the euro area since the introduction of the EU, nevertheless, the ECB is not planning to raise the key interest rate quickly. This is justified with the prognosis, that inflation during the year 2022 weakened again, it is therefore currently only a short-term increase. This would mean that no rate hikes are planned per se, if it does come to that, subject to a specifically persistently high level of inflation. So it remains to be seen for now, how the inflation rate develops.