- ECB Governing Council member Gabriel Makhlouf said each policy meeting is live, including October, and declined to rule out a rate hike if circumstances require.
- Makhlouf said there is currently no worrying sign of inflation spreading into wages.
- Officials will take each borrowing-cost decision on a meeting-by-meeting basis.
Quotes
“take each decision on borrowing costs as it comes”
“no worrying sign of inflation spreading into wages”