2023-10-13 00:04:00
The latest increase was a difficult decision, according to minutes from the September meeting released yesterday. It says that the central bankers struggled between raising interest rates and pausing interest rates.
The monetary authorities were provided with simulations, expert surveys and stock market assessments, according to which a deposit rate of 3.75 to 4.00 percent would be consistent with pushing inflation back to the target of two percent, as long as this interest rate level is maintained for a sufficiently long time.
It was said that central bankers feared a break in interest rates would be a sign of weakness. The next ECB interest rate meeting is on October 26th.
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