Latest ECB rate hike was a ‘close call’, say minutes
A group of officials argued incoming data did not support higher rates
The latest rate rise approved by the governing council of the European Central Bank in September was a “close call”, say minutes of the meeting, published on October 12.
On September 14, the ECB increased rates for the tenth consecutive time to 4%, a new record high. Nonetheless, it signalled this could have been the last rate hike of the cycle. The policy statement pointed out “rates have reached levels that, maintained for a sufficiently long duration, will make a substantial contribution to
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