Central Banks
ECB Suspense Intensifies With Officials Split Over Rate Decision
- Decision may be least predictable since hiking cycle began
- Economists almost evenly split over a rate increase or a pause
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The European Central Bank’s decision is a cliffhanger for investors, but even participants in the meeting have no inkling of the likely outcome, according to people familiar with the matter.
The judgment on whether to deliver another blow against inflation by raising interest rates this week or to enact a pause because of the weakening economy is so finely balanced that officials going to the gathering starting Wednesday are in suspense too, the people said.