ECB accounts: Diverging views on the need of a Sep hike

<p>According to the minutes, all members supported the 25 basis point rate increase. Nevertheless, some members expressed a preference initially for not raising key ECB interest rates further, citing risks of stronger-than-anticipated transmission of rate hikes into the economy. Interestingly, the account captured diverging views on the necessity for another rate hike in September. On […]</p>
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