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Duelling Sources Reports Send Similar Message

ECB
  • Both Bloomberg and Reuters run concurrent ECB sources pieces, but both send a very similar message: there were holdouts for a step down to a 25bps hike, with some policymakers still favouring 50bps.
  • Nonetheless, these holdouts were persuaded (apparently "without much of a fight") by guidance for more tightening and a winddown of APP.
  • Robert Holzmann, who did not have voting rights at today's meeting, remained the sole holdout for the decision itself.

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