DUBLIN (Reuters) – European Central Bank policymaker Gabriel Makhlouf said that if the bank needs to increase interest rates by more than 25 basis points in September, it may be more or less than 50. The ECB said last week it would end quantitative easing on July 1 then raise rates by 25 basis points on July 21. It plans to hike again on Sept. 8 and go for a bigger move, unless the inflation outlook improves in the meantime. “I know some people have taken the language that it could be more, that it means it’s going to be 50 basis points, but just for the avoidance of doubt, more means more tha…