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Western Europe August 25, 2022 / 12:50 pm UTC

ECB: July Minutes Confirm End of Forward Guidance

By Andrew Wroblewski
The July 20-21ECB Council meeting minutes underscored that while further policy hikes are likely in the near-term, nothing in terms of size has yet been decided for the Sep 8 Council meeting. This is a result of heighted uncertainty meaning the ECB can no longer offer forward guidance, instead relying of data dependency.