The accounts of the European Central Bank's (ECB) September policy meeting revealed on Thursday that some members of the Governing Council expressed a
preference for maintaining key rates at current levels, per Reuters. Key takeaways "Solid majority of members expressed support for the 25 basis point rate increase." "Emphasis was also placed on the upward revisions to the headline inflation projections for the first two years." "Pause could give rise to speculation that the tightening cycle was over.
" "Having been able to keep inflation expectations anchored, despite the long period in which inflation had been above target, was seen as a major achievement." "Deposit facility rate in the region of 3.75% to 4.00%, as long as it was understood as being maintained for a sufficiently long duration, should be consistent with a return of inflation to target.
France Dernières Nouvelles, France Actualités
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