Some ECB members would have supported raising interest rates in July.
World1 source1 country🔦 Under-reported23m ago
On Thursday, August 27, in Frankfurt, Germany, the European Central Bank (BCE) released meeting minutes revealing that some of its members would have supported raising interest rates in July. These officials argued that a delayed monetary policy response to the economic effects of the war in Iran could have negative consequences.
In related currency markets, the euro remained stable below the 1.1650 US dollar threshold. The currency had previously dropped to this level on Wednesday following the release of higher-than-expected inflation data from the United States.
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Infobae (Buenos Aires, Argentina) (AR)Focuses on currency exchange rates and US inflation data.
Infobae (Buenos Aires, Argentina) (AR) (Second snippet)Highlights internal BCE debate regarding a July interest rate hike.
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