ECB keeps intrigue on monetary policy

Members from the European Central Bank have issued a cautionary statement to investors. Those anticipating that the bank won't increase the interest rate the following week should be aware that this matter isn't settled yet, and there's still the possibility that the rate may raise.

This happened against the background of a deterioration in economic activity in countries using the euro and a decrease in inflation. Earlier, it was assumed that the ECB would complete a series of 9 consecutive rate hikes on September 14.

The heads of the central banks of the Netherlands, France, Germany and Slovakia expressed different points of view on this issue. The head of the Central Bank of France noted that the interest rate is approaching its peak, and it may be necessary to consider the option of reducing it.

The head of the Central Bank of Slovakia believes that another rate hike is still necessary to curb inflation, and suggested raising the rate next week, after which to take a breather.

The head of the Dutch Central Bank said that investors may be underestimating the chances of a rate hike next Thursday.

The assertions suggest an ambiguity regarding the future developments of interest rates within the eurozone. Further, they reveal that dialogues regarding the ECB's decision are ongoing, and the outcome is contingent on the economic climate.