Reports ECB did not mean to imply slower hiking with ‘progress’ remark

European Central Bank hawks are playing down the removal of 'several' from guidance on further hikes according to Reuters sources. 

''Doves say guidance tweak paves the ground for ending hikes in December 'in case of improved inflation outlook or possibly in March''.

The reports suggest that the ECB did not mean to imply slower hiking with the ‘progress’ remark and that the vote was not unanimous, while 3 officials wanted a 50bps hike.

More to come....