ECB Minutes: Hawks Push for More Tightening as July Pause Leaves Door Open - ActionForex
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The market assumes that the European Central Bank (ECB) will raise interest rates in September. However, some members of the Governing Council would have advanced this movement to July, when it paused at 2.25%. This is revealed in the minutes of the last meeting published this Thursday, considering that a late monetary policy response to the effects of the war in the Middle East could delay inflation returning to 2%. They support this decision i…
The European Central Bank (ECB) is working with the increasingly ambiguous signs of macroeconomic data and geopolitical context. There is an increasing division within the institution based in Frankfurt, as the complexity of the economic situation in Europe offers too much insecurity.
The heads of the European Central Bank (ECB), meeting last month, felt that interest rates would probably have to rise once again to contain the repercussions of the war in Iran, as can be seen from the minutes of the ECB meeting published yesterday, 27 August.
ECB Minutes: Hawks Push for More Tightening as July Pause Leaves Door Open - ActionForex
ECB’s unanimous decision to hold rates in July concealed a distinctly hawkish debate, according to accounts of Governing Council’s July 22–23 meeting in Frankfurt. While all members ultimately backed pause, some said they “would not have opposed raising rates” immediately, arguing incoming data still supported further tightening and that “option value of waiting was therefore […] The post ECB Minutes: Hawks Push for More Tightening as July Pause…
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