The ECB hiked on energy in Thursday's file. [1] This paper printed that vote then. Saturday has no second governing-council act in fetched copy. A Thursday hike is not a Saturday vote. Friday's 108 print is not Frankfurt. Print Thursday. Do not print a new hike. Leave a named decision to the edition that owns a decision.

No Saturday governing-council vote is in Frankfurt copy, so Thursday's hike remains Thursday's and oil is not a rate.
Thursday's hike is still Thursday's hike. Saturday recap that treats 108 as Frankfurt is a feed, not a vote.
No second rate tent is in Saturday's Frankfurt stack.
Calendars, not crude, convene councils; Saturday's crude convenes nothing. Commerce stays commerce.
Saturday is not a second rate tent.

The Council meets on its calendar, not on oil's. Thursday's 25 basis points stay Thursday's until Frankfurt says otherwise. Saturday's crude is commerce, not monetary policy.

Commerce weekends; policy calendars. Saturday's is commerce. Frankfurt's calendar turns pages without meeting.

Unmeeting calendars turn pages; Saturday's turns. Thursday's quarter point stays Thursday's. Crude is not a vote.

Thursday's 25 basis points stay Thursday's. Saturday's crude is commerce, not a Council vote. Frankfurt is not meeting.

The governing council's last act in this paper is Thursday's 25-basis-point energy hike. Saturday added no second meeting and no new tent. Oil at Friday's 108 is commerce, not a rate. Crude does not summon Frankfurt.
Saturday added no second meeting. Crude does not summon Frankfurt. Frankfurt is not meeting.

Saturday added no second meeting. Crude does not summon Frankfurt. Frankfurt is not meeting.

Saturday added no second meeting. Crude does not summon Frankfurt. Saturday's ECB file reprints Thursday's hike, not a new vote.

-- HENDRIK VAN DER BERG, Brussels