- European Central Bank officials weighed the need to take further action on inflation at last month's meeting, according to a summary of the meeting.
- The summary said any increase in borrowing costs would still not restrict growth.
- The account frames the latest hike as a proportionate step rather than the start of a restrictive policy stance.
Quotes
“European Central Bank officials weighed the need to take further action on inflation last month alongside an assessment that any increase in borrowing costs would still not restrict growth”
“any increase in borrowing costs would still not restrict growth”