By Marta Vilar – MADRID (Econostream) – The tone of the ECB’s Governing Council, as reflected in the ECB Tone Meter, has shifted modestly more hawkish since the 18 December 2025 monetary policy meeting.
ECB Tone Meter Post-Holiday Update: Modest Hawkish Shift as One GC Member Repositions and Others Turn Firmer
9 January 2026
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