<ul><li>50 bps rate hike provided more clarity for market participants</li><li>ECB not changing assessment regarding terminal rate</li><li>Medium-term inflation risks have also increased</li><li>Members unanimously supported TPI</li><li><a target=“_blank“ href=“https://www.ecb.europa.eu/press/accounts/2022/html/ecb.mg220825~162cfabae9.en.html“ target=“_blank“ rel=“nofollow“>Full accounts</a></li></ul><p style=““ class=“text-align-justify“>There isn’t much that we don’t already know but as a reminder, there is a sense that the sudden increase by 50 bps in July may have felt a little rushed. Considering the economic circumstances and outlook in Europe ahead of winter, the window is closing for the ECB to keep a more aggressive stance.</p>

This article was written by Justin Low at www.forexlive.com.