Bundesbank President Nagel believes the ECB is close to reaching the terminal rate for borrowing costs, but another bout of inflation may necessitate further tightening. ECB accounts reveal members' agreement to maintain current interest rates, while also considering the possibility of a further rate hike. ECB's Makhlof stated that it's too early to discuss cutting rates, and ECB policymakers are open to another interest rate rise if necessary. Additionally, ECB's Holzmann mentioned an equal probability of higher rates or a rate cut.
🔴 ECB'S HOLZMANN: THERE IS EQUAL PROBABILITY OF HIGHER RATES AS A RATE CUT.
ECB policymakers open to another interest rate rise if needed https://t.co/BmUzUFzfy4
The ECB may need to increase interest rates again, Gabriel Makhlouf says https://t.co/8fZlWbbOpt
ECB’s Makhlouf says it’s too soon to rule out another rate hike https://t.co/q3oCKliBTD via @livfletcher_ https://t.co/sMhTakBGL4
ECB Should Be Ready to Hike Again, Officials Agreed Last Month https://t.co/0536F4DVUk
ECB officials agree they should raise borrowing costs again if needed, according to an account of their policy meeting in October https://t.co/H3pIYZT2WQ
ECB should be ready to hike again, officials agreed last month https://t.co/AeQ8eq279Y via @weberalexander @WindSonja https://t.co/gDVuV3DGOM
ECB officials agree they should raise borrowing costs again if needed, according to an account of their policy meeting in October https://t.co/wGe0AUtFiv
ECB officials agree they should raise borrowing costs again if needed, according to an account of their policy meeting in October https://t.co/8aTIt56aJc
🔴 ECB ACCOUNT: IT WAS GENERALLY ASSUMED THAT THE LAST MILE IN BRINGING INFLATION BACK TO TARGET WAS THE MOST DIFFICULT.
🔴 ECB ACCOUNTS: MEMBERS ALSO AGREED WITH THE BOARD’S PROPOSAL TO CONTINUE APPLYING FLEXIBILITY IN REINVESTING REDEMPTIONS FALLING DUE IN THE PEPP PORTFOLIO.
🔴 ECB ACCOUNTS: GOVERNING COUNCIL SHOULD BE READY, ON THE BASIS OF AN ONGOING ASSESSMENT, FOR FURTHER INTEREST RATE HIKES IF NECESSARY.
🔴 ECB ACCOUNTS: MEMBERS ARGUED IN FAVOUR OF KEEPING THE DOOR OPEN FOR A POSSIBLE FURTHER RATE HIKE.
🔴 ECB ACCOUNTS: EXPECTATIONS WERE MOVING FROM A HUMP-SHAPED INTEREST RATE PATH.
🔴 ECB ACCOUNTS: ALL MEMBERS AGREED WITH THE PROPOSAL BY ECB’S LANE TO MAINTAIN THE THREE KEY ECB INTEREST RATES AT THEIR CURRENT LEVELS.
🔴 ECB’S MAKHLOUF: IT'S TOO EARLY TO DISCUSS CUTTING RATES.
Nagel says the ECB close to peak rate, can’t exclude another move https://t.co/JNUuzOzr5r via @Alemrome https://t.co/5YiaNGZbfs
Bundesbank President Nagel says the ECB is near peak for its borrowing costs, though another bout of inflation may require more tightening https://t.co/mBHpIZppS3
Bundesbank President Nagel says the ECB is near peak for its borrowing costs, though another bout of inflation may require more tightening https://t.co/tKJHkUZnXg
Bundesbank President Nagel says the ECB is near peak for its borrowing costs, though another bout of inflation may require more tightening https://t.co/KNTHs3rIDa
🔴 ECB'S NAGEL: I BELIEVE WE ARE CLOSE TO LEVEL SEEN AS THE TERMINAL RATE.