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ECB’s Kocher: December Rate Hike Likely if Conditions Unchanged, But No Precommitment

ECB’s Kocher: December Rate Hike Likely if Conditions Unchanged, But No Precommitment

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Martin Kocher said Tuesday that another interest rate increase before the end of the year was likely if economic and inflation conditions remained unchanged, but emphasized that the ECB could not precommit to such a move given the high degree of uncertainty.

3 November 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 3 November 2026

Meeting Bias

ECB Governing Council Meeting