Posted 10/4/2023, 12:21:00 PM
ECB Says Rate Hikes Likely Complete as Inflation Eases, But Real Rates Still Rising
- ECB rate hike cycle likely completed as inflation retreating
- September decision brought predictability by noting current rates compatible with inflation converging to 2%
- Even with stable nominal rates, real rates still rising, requiring caution
- Monetary policy transmission is delayed, uneven across countries
- Reporting by Sergio Goncalves, edited by Andrei Khalip, Bernadette Baum and Sharon Singleton
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