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Monetary policy decisions
The Governing Council today decided to keep the three key ECB interest rates unchanged. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. According to the latest Eurosystem staff projections for the euro area, inflation is expected to decline gradually over the course of next year, before approaching the Governing Council’s 2% target in 2025. Overall, staff expect headline inflation to average 5.4% in 2023, 2.7% in 2024, 2.1% in 2025 and 1.9% in 2026. Compared with the September staff projections, this amounts to a downward revision for 2023 and especially for ... (full story)
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EUROZONE ECB INTEREST RATE DECISION (DEC) ACTUAL: 4.50% VS 4.50% PREVIOUS; EST 4.50%
— *Walter Bloomberg (@DeItaone) December 14, 2023
EUROZONE ECB MARGINAL LENDING FACILITY: 4.75% VS 4.75% PREVIOUS; EST 4.75%
EUROZONE DEPOSIT FACILITY RATE (DEC) ACTUAL: 4.00% VS 4.00% PREVIOUS; EST 4.00%
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ECB: "The Governing Council stands ready to adjust all of its instruments within its mandate to ensure that inflation returns to its 2% target over the medium term and to preserve the smooth functioning of monetary policy transmission."
— zerohedge (@zerohedge) December 14, 2023
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ECB: THE RATE LEVEL MUST BE MAINTAINED FOR A SUFFICIENTLY LONG TIME.
— Breaking Market News (@financialjuice) December 14, 2023