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ECB accounts: Solid majority expressed support for 25 bps rate hike in September
Emphasis was also paced on upward revisions to headline inflation projectionsA pause would have given rise to speculation that tightening cycle was overNot hiking could also send a signal of ECB being more concerned about the economy than inflationDeposit facility rate around 3.75% to 4.00%, as long as it was understood as being maintained for a sufficiently long duration, should be consistent to return inflation to targetDecision between rate hike and pausing was a close call but tactical consi...
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Posted: Oct 12 2023, 11:34
Author Name: forexlive
Views: 112412