ECB weighs slower pace of rate hikes with potential half point hike next month

Mounting recession risks suggest a lack of momentum for another 75 basis-point move at present, sources said

Barring another surprise surge in inflation, the consensus might well favour a less aggressive step in raising interest rates, sources said.

European Central Bank policy makers may slow down interest-rate hiking, with only a half point increase next month, according to people with knowledge of the matter.

Initial discussions suggest a lack of momentum for another 75 basis-point move at present, the sources said. Barring another surprise surge in inflation, the consensus might well favour the less aggressive step, they said.