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ECB July Meeting Account: Another Rate Hike Likely Unless Inflation Outlook Improves

ECB July Meeting Account: Another Rate Hike Likely Unless Inflation Outlook Improves

By David Barwick – FRANKFURT (Econostream) – Another European Central Bank interest rate hike "would likely be necessary unless the inflation outlook improved significantly," an account of the ECB's July meeting showed Thursday, although policymakers stressed that they were not committed in advance to raising rates in September.

27 August 2026

ECB Tone Meter

Entire Governing Council

27 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 27 August 2026

ECB Tone Meter

Meeting Bias

ECB Governing Council Meeting