ECB accounts: Less frontloaded but steadier approach consistent with persistent inflation process

In the accounts of ECB’s December meeting, it’s noted that a “large number” of members “initially” expressed preference for a 75bps hike. But some of them expressed their willingness to agree on a 50bps if the majority were to support Chief Economist Philip Lane’s proposal. That is, to rate interest rates by 50bps and to […]

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