BREAKING: ECB minutes show bankers' uncertainty about further rate hikes!

Initially, ECB members showed no inclination to raise rates in July
However, a built consensus eventually allowed for a 25 basis point increase
Too much focus on September, according to ECB members
It was indicated that September projections may show a significant drop in inflation to the target within the forecast period, which could mean that a September increase won't be necessary
Significant concerns about stagflation
Core inflation remains too high
The risk of a wage spiral is rather low

Clearly dovish minutes cast doubt on a September rate hike, even with a significant surprise of higher inflation. Nevertheless, as can be seen, there is a good chance that September projections will indicate inflation within the target in the forecast period, which won't justify another cut. EURUSD is already testing the vicinity of 1.0850.

22 October 2026, 7:47 AM

Economic Calendar: Markets Await Reports from Procter & Gamble and Western Digital 💡

21 October 2026, 7:07 PM

Daily Summary: SpaceX and the tech sector drive Wall Street, oil retreats sharply below $97

21 October 2026, 4:58 PM

Russia is selling off gold reserves. Why, to whom, and does it matter for the market?

21 October 2026, 3:59 PM

BREAKING: US oil inventories fall more than expected, but distillate build cools enthusiasm

Economic reports

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