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ECB: Difference between revisions
→July 27 2023
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=== July 27 2023 === | === July 27 2023 === | ||
* ECB raises interest rate by 25 basis points taking its main rate to 3.75%.<blockquote>“Inflation continues to decline but is still expected to remain too high for too long,” the ECB said in a statement.</blockquote> | * ECB raises interest rate by 25 basis points taking its main rate to 3.75%. <ref>https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230727~da80cfcf24.en.html</ref><blockquote>“Inflation continues to decline but is still expected to remain too high for too long,” the ECB said in a statement.</blockquote> | ||
* The ECB kept options foe September meeting open.<blockquote>The Governing Council’s future decisions will ensure that the key ECB interest rates will be set at sufficiently restrictive levels for as long as necessary to achieve a timely return of inflation to the 2% medium-term target. The Governing Council will continue to follow a data-dependent approach to determining the appropriate level and duration of restriction," the statement added.</blockquote> | * The ECB kept options foe September meeting open.<blockquote>The Governing Council’s future decisions will ensure that the key ECB interest rates will be set at sufficiently restrictive levels for as long as necessary to achieve a timely return of inflation to the 2% medium-term target. The Governing Council will continue to follow a data-dependent approach to determining the appropriate level and duration of restriction," the statement added.</blockquote> | ||
* The rate hike was widely expected by the market. | * The rate hike was widely expected by the market. | ||
== References == | == References == | ||