Updated

Updated · Bloomberg · Jul 3

ECB Signals Pause After June Rate Hike as Oil Price Drop Eases Euro-Zone Pressures

Updated

Updated · Bloomberg · Jul 3

ECB Signals Pause After June Rate Hike as Oil Price Drop Eases Euro-Zone Pressures

1 articles · Updated · Bloomberg · Jul 3

Emmanuel Moulin said the ECB is in a “comfortable” position after June’s rate increase, with lower oil prices helping ease inflation pressure across the euro zone.
July and September remain open, but Moulin said policymakers had made clear they were not entering a new cycle of rate hikes.
A drop in energy costs gives the ECB more room to assess how last month’s tightening is feeding through before deciding on any further moves.

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Beyond monetary policy, what is Europe's plan if the energy crisis worsens this winter?

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