ECB’s rate decision in September is still open for debate, De Guindos says

MADRID (Reuters) – The European Central Bank is nearing the end of its hiking rate cycle but the decision on whether to further tighten its monetary policy at its next meeting in two weeks is still open for debate, ECB Vice-President Luis de Guindos said on Thursday.

The ECB has lifted rates from deep in negative territory to 3.75% in just a year- the fastest pace on record – but monetary tightening is nearing its end now and policymakers are debating whether one last rate hike is needed.

(Reporting by Jesús Aguado; editing by Emma Pinedo)