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The ECB's September rate decision

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DevelopingNext check : No later ECB rate decision is documented in the supplied sources.

Where it stands

The ECB held interest rates at 2.25% and signaled a possible September hike as energy prices pushed inflation above target. Lagarde ordered oil and gas stress tests ahead of the decision; whether rates will rise, and the effects on borrowers and consumers, remain open.

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    1. Update 1ECB Holds Rates at 2.25%, but Lagarde's September Hike Warning Sends a Clear Signal

    The story so far

    1. Update 1

      ECB Holds Rates at 2.25%, but Lagarde's September Hike Warning Sends a Clear Signal

      Oil has pushed back to $100 a barrel and a renewed Middle East conflict is keeping energy inflation hot. The ECB paused Thursday, but staff scenarios and a "stay on the ship" moment point to a decision in two months.

      Still open after this report

      • The specific inflation range in the ECB's adverse staff scenario.
      • The precise incidents behind the latest oil price spike.
      • Whether the Governing Council will move by 25 basis points or hold again in September.

    History

    1. Opened1 report

    Who's involved

    People

    • Christine LagardePresident of the European Central Bank1 report

    Places

    • Frankfurt am MainFrankfurt am Main, Germany1 report
    • Red SeaRed Sea1 report
    • Strait of HormuzStrait of Hormuz1 report

    Every outlet we read on this story

    11 sources11 outlets1 video1 wire copy