Economics
ECB Agrees Gradualism Doesn’t Mean Slow Tightening, Small Steps
- Bigger rate hikes are possible, account of June meeting shows
- Risks to inflation outlook were seen ‘primarily on the upside’
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The European Central Bank’s self-proclaimed “gradual” approach to raising interest rates needn’t mean action will be slow or incremental, according to an account of the Governing Council’s last policy meeting.