ECB's Makhlouf Says Half-Point Hike Likely in December

The transcript covers a discussion on the challenges faced by the ECB's Governing Council, including economic uncertainties and the potential for a technical recession in the eurozone. It highlights the importance of technology and digitalization for European growth. The conversation also delves into monetary policy, interest rate adjustments, and inflation targets, emphasizing the need for strategic communication. Additionally, it discusses plans for unwinding the ECB's balance sheet and touches on the dynamics within the Governing Council during the World Cup.

What is the speaker's perspective on the balance sheet unwind process?

How does the speaker relate the situation in Europe to the economic conditions in America?

What is the ECB's target inflation rate, and how does the speaker feel about changing it?