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Monetary policy decisions
The Governing Council today decided to raise the three key ECB interest rates by 50 basis points and, based on the substantial upward revision to the inflation outlook, expects to raise them further. In particular, the Governing Council judges that interest rates will still have to rise significantly at a steady pace to reach levels that are sufficiently restrictive to ensure a timely return of inflation to the 2% medium-term target. Keeping interest rates at restrictive levels will over time reduce inflation by dampening demand and will also guard against the risk of a persistent upward shift in inflation ... (full story)
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ECB: THE ECB BELIEVES THAT INTEREST RATES WILL NEED TO RISE SIGNIFICANTLY AND STEADILY IN ORDER TO REACH LEVELS THAT ARE SUFFICIENTLY RESTRICTIVE TO ENSURE A TIMELY RETURN OF INFLATION TO THE 2% MEDIUM-TERM TARGET.
— Breaking Market News (@financialjuice) December 15, 2022
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EUROZONE ECB INTEREST RATE DECISION (DEC) ACTUAL: 2.50% VS 2.00% PREVIOUS; EST 2.50%
— Breaking Market News (@breakingmkts) December 15, 2022
EUROZONE DEPOSIT FACILITY RATE (DEC) ACTUAL: 2.00% VS 1.50% PREVIOUS; EST 2.00%
EUROZONE ECB MARGINAL LENDING FACILITY ACTUAL: 2.75% VS 2.25% PREVIOUS; EST 2.75%
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ECB: THE ECB'S FUTURE POLICY RATE DECISIONS WILL BE DATA-DEPENDENT AND MADE MEETING BY MEETING.
— Breaking Market News (@financialjuice) December 15, 2022
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Ecb: the ecb also discussed today the principles for normalising the eurosystem's monetary policy securities holdings.
— BTBMarkets (@BTBMarkets) December 15, 2022