ECB Keeps a Wary Eye on Inflation

Trichet & Co. kept rates unchanged Oct. 4 amid market turbulence, but the central bank is ready to hike should price gains accelerate

Both the European Central Bank and Bank of England left official interest rates unchanged at their respective Oct. 4 policy meetings. It seems both banks want to wait for more data to assess the impact of the recent market turbulence. But while the BoE now seems unlikely to hike rates again this year, the ECB has left all its options open, and has maintained a tightening bias.

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