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2026-05-27 19:46:14
[ECB Governing Council Member Machrouf Reiterates Inflation Target, Avoids Discussing Next Month's Rate Hike] (1) ECB Governing Council member Machrouf stated that the central bank is determined to bring inflation back to its established target level, but declined to reveal whether a rate hike next month would be necessary to achieve this goal. (2) He stated that the primary objective is to deliver on the 2% inflation commitment and that all necessary actions will be taken; this also explains why the market has made such expectations. (3) With only two weeks left until the next policy meeting, investors and economists are generally betting on a 25 basis point rate hike; some colleagues support a rate hike, while others insist on a prudent approach of "deciding on a meeting-by-meeting basis."
