ECB December policy meeting account: Broad majority supported 50 bps rate hike

• A large number of policymakers initially expressed preference to raise rates by 75 bps
• Some argued that a less than 75 bps move would send a wrong message and risked being perceived as inconsistent in trying to bring inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term back down to 2% target
• A broad majority of policymakers supported proposal to raise rates by 50 bps
• A compromise was in some ways seen as broadly equivalent to raising by 75 bps
• The steadiness of rate hikes and period over which rates remained in restrictive territory mattered more
• Risks to inflation outlook remains primarily on the upside
• Full account

That's certainly interesting as the minutes reveal quite a hawkish undertone among members at the ECB. If anything else, I would say the "compromise" here is that they would instead choose to hike for a longer period by 50 bps - something that Lagarde was adamant in defending here. This justifies further the euro's resilience on the day, in my view.