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ECB minutes show broad, persistent inflation support for a hike

Action Forex reports that all ECB members backed a unanimous 25 basis point rate increase at the June meeting.

Reported · Written up by our desk · Economy

Action Forex reports that the minutes from the ECB’s June meeting reinforced the Governing Council’s view that inflationary pressures have become too broad and persistent to wait before tightening policy.

The minutes also noted a fundamental reassessment of how the Middle East energy shock is affecting inflation dynamics, and all members backed a unanimous 25 basis point rate hike.

Sources

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