ECB accounts: A very large majority agreed to hike rates by 50 bps

• Following the announced intended interest rate path was seen as important to instill confidence and avoid creating further uncertainty in financial markets
• Some members would have preferred not to increase the key rates until the financial market tensions had subsided
• Members agreed that the elevated level of uncertainty reinforced the importance of a data-dependent approach to future policy rate decisions
• If inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term outlook matches the staff projections, ECB would have further ground to cover in adjusting the monetary policy stance
• Members generally agreed to refrain from communicating unconditional expectations for the future interest rate path
• Full accounts

All of the above are not anything new and do not contribute much to the debate between 25 bps and 50 bps for the May meeting. Carry on as you will.