ECB Officials Weigh Slower Rate-Hike Tempo With Half-Point Move
- Momentum is lacking for another aggressive 75 basis-point step
- Inflation surge might yet convince policy makers otherwise
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European Central Bank policy makers may slow down interest-rate hiking with only a 50 basis-point increase next month, according to people with knowledge of the matter.
Initial discussions suggest a lack of momentum for another 75 basis-point move at present, the people said, declining to be identified because Governing Council deliberations are private. Barring another surprise surge in inflation, the consensus might well favor the less aggressive step, they said.