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ECB Sets Stage for Another Big Hike With Jumbo Move Possible

  • A sizable minority is willing to consider 75 basis-point step
  • Weak euro aggravating region’s problem with record inflation
Bloomberg business news
European Central Bank's Rehn: It’s Action Time With Weak Euro a Key Point

The European Central Bank is prepared to at least repeat the half-point increase in interest rates it delivered last month, with an even bigger move not to be excluded as inflation nears yet another record.

That’s the message from ECB officials who joined the Federal Reserve’s annual Jackson Hole symposium, which wrapped up Saturday. Fed Chair Jerome Powell set the tone, saying US borrowing costs are headed higher and will stay there “for some time.”