Economics
ECB Officials Leave Open Chance of Another Jumbo Rate Hike
- Doves, hawks receptive to a repeat of Thursday’s historic move
- Quantitative tightening expected to be discussed in October
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European Central Bank officials are prepared to deliver another jumbo interest-rate increase at their October meeting if the inflation outlook warrants an additional big step, according to people familiar with the debate.
A second consecutive hike of 75 basis points would match the Federal Reserve’s recent aggression, underlining the tougher approach adopted by ECB officials of late as inflation in the 19-nation euro zone breaks record after record.