The just-released minutes of the ECB's September meeting reflect a more heated debate on inflation and the policy rate. A pause at the next meeting lo
oks like a done deal but a rate hike in December remains a possibility. When reading today’s minutes of the ECB’s September meeting one should not forget that, before being released, these minutes go through a long process of editing at the ECB and at national central banks. Therefore it cannot always be excluded that some messages are put in a slightly different light, already trying to prepare markets for the next meeting.
” Recent developments have put the ECB in an even more difficult position As much as the ECB has tried to keep the door to further rate hikes open since the September decision, recent developments have clearly complicated its position.
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