Monetary policy decisions

Monetary policy decisions

From ecb.europa.eu

Inflation continues to decline but is still expected to remain too high for too long. The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. It therefore today decided to raise the three key ECB interest rates by 25 basis points. The rate increase today reflects the Governing Council’s assessment of the inflation outlook, the dynamics of underlying inflation, and the strength of monetary policy transmission. The developments since the last meeting support the expectation that inflation will drop further over the remainder of the year but will stay above ... (full story)

Added at 7:17am

Christophe Barraud @C_Barraud
#ECB RAISES MAIN REFINANCING RATE BY 25BPS TO 4.25%; EST. 4.25% - BBG
*ECB RAISES DEPOSIT FACILITY RATE BY 25BPS TO 3.75%; EST. 3.75%
*ECB RAISES MARGINAL LENDING FACILITY TO 4.50%; EST. 4.50% Jul 27, 2023 7:16am

Added at 7:18am

Christophe Barraud @C_Barraud
#ECB: WILL CONTINUE TO FOLLOW A DATA-DEPENDENT APPROACH - BBG
*ECB: FUTURE DECISIONS TO ENSURE RATES SUFFICIENTLY RESTRICTIVE
*ECB SETS REMUNERATION OF MINIMUM RESERVES AT 0% Jul 27, 2023 7:16am

Comments / Top
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Jul 27, 2023 7:24am

Copycat of FeD

Jul 27, 2023 7:19am

same coment and FED

Jul 27, 2023 7:28am

ecb dissapointed again

rashadali

Jul 27, 2023 7:36am

Permalink

eur is slowly dying. EU countries are rich so it makes this death not obvious but EU is finished.

Jul 27, 2023 7:18am

The final hike

Jul 27, 2023 7:18am

No favour for euro

Jul 27, 2023 7:28am

Going forward it is going to be about which currencies economy has the most broken eggs as result of pulling the rug out from under debt based growth.

Range vs Trend or more then likely a ratcheting motion with an element of trend to it. If you can trade all the squiggles then have at it. Otherwise pick a side and see if you can hold long enough thru the chop to make some profit.

There is always possibility that Central Bankers know what they are doing, then again the evidence continues to point that they are merely flawed humans same as everyone else.