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Accounts for October Meeting

ECB

ECB Accounts for the October meeting - link here

Highlights:

  • View widely shared that inflation outlook continued to worsen
  • Developments indicated an increasing risk that inflation might become entrenched
  • 75bps hike was supported by very large majority* GC should continue normalising and tightening monetary policy
  • GC might want to pause if there was a prolonged and deep recession
  • A few officials preferred a 50bps rate increase
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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