ECB Says ‘A Few’ Officials Preferred Half-Point October Hike
- Account of meeting shows ‘very large majority’ backed 75 bps
- Attention is turning to size of ECB’s next hike in December
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“A few” European Central Bank officials favored a smaller increase in interest rates in October to tackle record inflation, an account of their last meeting showed.
Those who preferred a less aggressive step cited the fact that the hike was accompanied by other monetary-tightening measures including a change in the remuneration of minimum reserves, and the adjustment of the terms of cheap financing for banks, according to the account, published Thursday.