✉news BusinessBanking first seen 12 h ago, last 7 h ago, peak #16
ECB Officials Defend Last Month's Rate Hike as Proportionate
Original: ECB Officials Took ‘Proporionate’ Step With Last Month’s Hike
European Central Bank officials are describing last month's interest rate increase as a proportionate step, according to Bloomberg. The comments come as policymakers continue to signal a data-dependent approach to further tightening while inflation in the euro area remains above target. Markets are watching closely for hints on whether more hikes will follow.
Why now: Investors and analysts are scrutinising ECB messaging for clues about the future path of eurozone interest rates.
European Central BankeurozoneBloomberg
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Evidence
- ECB Officials Took ‘Proporionate’ Step With Last Month’s Hike · Bloomberg.com
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