The ECB hiked on energy in Thursday's file. [1] This paper printed that vote then. Sunday has no second governing-council act in fetched copy. A Thursday hike is not a Sunday 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 Sunday 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. Sunday recap that treats 108 as Frankfurt is a feed, not a vote.
No second rate tent is in Sunday's Frankfurt stack.
Unneeded Sunday updates stay unneeded; Thursday's hike stays priced.

Sunday is not a second rate tent.
Thursday's quarter point was the year's second hike, priced against energy inflation running hot. Frankfurt's next decision is weeks out. Sunday moves no rates anywhere.

Priced hikes need no Sunday update; Frankfurt priced Thursday. Sunday holds the price. Weeks till the next.

Next weeks wait on Frankfurt; Sunday waits. Energy inflation already got Thursday's hike. Crude doesn't reconvene the tent.

Thursday's quarter point was the year's second hike. Sunday moves no rates. Crude does not reconvene the tent.

Frankfurt's energy hike is still Thursday's governing-council vote, a second quarter-point this year. Sunday convened no tent in Frankfurt. Friday's 108 oil print is a market number, not a rate. Crude does not set the next decision date.
Sunday convened no tent in Frankfurt. Crude does not set Sunday's rate. Sunday moves no rates.

Sunday convened no tent in Frankfurt. Crude does not set Sunday's rate. Sunday moves no rates.

-- HENDRIK VAN DER BERG, Brussels