Central Banks
ECB Officials Vowed to Keep Open Mind for September Meeting
- Markets are betting on a quarter-point rate cut next month
- Account of July’s policy meeting published on ECB website
Photographer: Alex Kraus/Bloomberg
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European Central Bank officials deemed September to be an appropriate point to review their interest-rate stance, though pledged to keep an open mind in light of lingering risks to the inflation outlook, an account of their last policy decision showed.
“The September meeting was widely seen as a good time to re-evaluate the level of monetary-policy restriction,” according to the summary, published Thursday. “That meeting should be approached with an open mind, which also implied that data dependence was not equivalent to being overly focused on specific, single data points.”