Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. "I think that our most recent pace for hikes is also appropriate at our next two meetings." When asked if he meant 75 basis points, Vasle, considered a hawk on the 25-member Governing Council, said "I think so." ECB policymakers have said that the first goal is to reach the "neutral" level for rates, where the bank is neither stimulating nor holding back growth. However, reivnvestments in a smaller Pandemic Emergency Purchase Programme, set to run through 2024, should continue as planned, Vasle added.

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