ECB accounts: Clear that rates would need to be raised further

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ECB accounts: Clear that rates would need to be raised further

In the accounts of ECB’s October 26-27 meeting, it’s noted that the 75bps rate hike was “supported by a very large majority of members” with “a few members expressed a preference” for just 50bps. Still, with a 75bps hike, it was also “clear that rates would need to be raised further to reach a level […]

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