ECB unity on policy path Is fraying as recession danger mounts

By Jana Randow and William Horobin

17 Oct 2022 · 3 min read

Editor's Note

Inflation continues to rise in Europe even as many countries are at risk of falling into recession. As Bloomberg reports, there’s now growing discord within the ECB over what to do about it.

The European Central Bank's unity over the size of monetary-policy moves risks unraveling in coming months as officials diverge on the pain they reckon the economy can handle in the depths of the energy crisis.

With a window for public comments before the Oct. 27 decision about to close on Wednesday, the sum of multiple remarks in Washington in recent days by a spectrum of Governing Council members point to underlying discord that is likely to become more pronounced as the year draws to a close.

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