ECB's Kazāks says September decision will be based on data, adds there are pros and cons to hiking further
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ECB policymaker Mārtiņš Kazāks said inflation expectations remain anchored close to the ECB's target, a sign that households, businesses, and financial markets continue to have confidence in the central bank's commitment to price stability. He also highlighted that wage growth is
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ECB’s September minutes reveal full support for 25bp rate hike
The ECB's September meeting minutes indicate unified support for a 25bp rate hike, as inflation expectations deteriorate despite some members expressing concerns about the resilience of the economy. Per the full note from ing-think, the ECB's decision reflects a consensus on the need to address inflation, which is projected to remain above target for an extended period. This decision aligns with broader market expectations, leaving traders in a wait-and-see position as they navigate the implications for EUR crosses, specifically against the USD. As we assess this development, upcoming inflation data may play a crucial role in shaping market sentiment.