ECB Officials Lay Foundation for Significant October Rate Hike
- Vast majority of rate-setters have spoken in the past week
- Several are rallying around a second three-quarter-point step
Christine Lagarde in Frankfurt.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European Central Bank officials are already staking out their positions before next month’s decision on interest rates, laying the ground for another forceful hike as the euro-zone grapples with inflation that’s just hit double digits.
The vast majority of the ECB’s 25-member Governing Council delivered public remarks this week, with several rallying around a second straight move of 75 basis points.