{
  "id": 10920051,
  "title": "Euro: ECB pushback weighs on currency – MUFG",
  "url": "https://urgent.news/2026/09/30/euro-ecb-pushback-weighs-on-currency-mufg",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T10:34:35.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-ecb-pushback-weighs-on-currency-mufg-202609301034"
  },
  "original_language": "en",
  "account": "MUFG's Lee Hardman notes that European Central Bank (ECB) President Lagarde has expressed reservations about further back-to-back rate hikes by the ECB. She emphasizes the need for a measured response as higher long-term yields come into play. Earlier this week, Lagarde had previously pushed back against the ECB's plans for another rate hike next month. The lack of second-round effects has led to a lack of momentum for another hike in the coming month. Inflation in the euro-zone would have to exceed expectations in September to reignite the prospect of a rate hike in October. This cautious tone from the ECB has contributed to the weakening of the euro this week.",
  "summary": "MUFG’s Lee Hardman highlights that European Central Bank (ECB) President Lagarde has pushed back against expectations for another back-to-back ECB rate hike, stressing higher long-term yields and the need for a measured response.",
  "key_points": [
    "ECB President Lagarde expresses reservations about further rate hikes",
    "Lack of second-round effects hampers momentum for October hike",
    "Inflation must exceed expectations in September to consider hike"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}