ECB accounts show inflation fears justifying more rate hikes

Summary by Ground News

ECB raised rates by 75 basis points to 1.5 per cent at the meeting to fight sky high inflation. Total hikes to 200 basis points since July for its fastest policy tightening on record. Policy-makers also put the reduction of the bank's �9-trillion balance sheet on the agenda.

Published 2 months ago · Frankfurt, Germany

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Reuters

ECB accounts show inflation fears justifying more rate hikes

FRANKFURT - European Central Bank policymakers feared that inflation may be getting entrenched at their last policy gathering so rates would need to rise further, the accounts of the Oct 26-27 meeting showed on Thursday. The ECB raised rates by 75 basis points to 1.5% at the meeting to fight sky high inflation, bringing its total hikes to 200 basis points since July for its fastest

2 months ago·United Kingdom

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The Globe & Mail

European Central Bank meeting accounts show inflation fears justifying more rate hikes

Accounts of the Oct. 26-27 meeting showed the bank said ‘rates would need to be raised further to reach a level that would deliver on the ECB’s 2 per cent medium-term target’

2 months ago·Canada

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