ECB, some on the board opposed to graduality in the rate hike

(ANSA) - ROME, JUL 07 - During the meeting of the ECB on June 9, some board members expressed "different opinions on the necessity and interpretation of graduality" in the rise in rates, because "it could be misleading" if interpreted as "a rate of adjustment too slow or too rigid "in the stance of monetary policy.

    In particular, for some, it is necessary to avoid that gradualness precludes "increases in interest rates above 25 basis points".

This is what we read in the reports of the meeting of 8-9 June published by the ECB.

   More generally, "The risks associated with the pandemic have declined but the war continues to be a significant downside risk for growth. In particular, a major risk would be a further disruption in energy supplies to the euro zone," said ECB chief economist Philip Lane. , during the board meeting on 9 June.

(HANDLE).