ECB's Kazaks: 75 Bps Hike 'Appropriate' for October

The transcript discusses the consensus on interest rate hikes, focusing on a 75 basis point increase and its implications for economic policy. It explores the role of the Governing Council in decision-making, the impact of quantitative tightening, and the challenges posed by euro depreciation. The conversation also covers the Transmission Protection Instrument and its conditions, as well as lessons from recent UK market turmoil, emphasizing the importance of Central Bank independence and a balanced policy mix.

What is the consensus forming around the size of the hikes mentioned in the text?

What are the various estimates for the neutral interest rate mentioned?

What is the argument for taking a bigger step in interest rate hikes?

How does the depreciation of the euro affect inflation according to the text?

What lessons can be learned from the turmoil in UK assets regarding monetary policy?

What is the role of fiscal policy in relation to monetary policy as discussed in the text?

What does the text suggest about the independence of the Central Bank?