Momentum growing for a pause in ECB rate hikes as recession fears rise – Reuters

Reuters cited some sources with knowledge of the discussion on Friday, saying that momentum is growing for a pause in ECB rate hikes as recession fears rise but the debate is still open.

Additional takeaways

Advocates of ECB pause point to weak growth, benign wage growth, China's slowdown, improved policy transmission.

Policymakers agree any ECB decision to pause would need to make clear job is not done and that future hikes could still be needed.

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