ECB minutes reveal two key points:
1. Energy price spikes haven't fully hit consumer fuel costs yet—July data might be lagging, with the real impact showing up in August numbers.
2. Committee felt confident holding rates steady this meeting. Recent data gave them enough cover to sit tight.
Translation: They're watching inflation closely but not panicking. Yet.
1. Energy price spikes haven't fully hit consumer fuel costs yet—July data might be lagging, with the real impact showing up in August numbers.
2. Committee felt confident holding rates steady this meeting. Recent data gave them enough cover to sit tight.
Translation: They're watching inflation closely but not panicking. Yet.