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ECB: Difference between revisions
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* The deposit rate will remain at 4%. | * The deposit rate will remain at 4%. | ||
* ECB said the “incoming information has broadly confirmed its previous assessment of the medium-term inflation outlook” for inflation to reach 2.0%. | * ECB said the “incoming information has broadly confirmed its previous assessment of the medium-term inflation outlook” for inflation to reach 2.0%. | ||
“Inflation is still expected to stay too high for too long, and domestic price pressures remain strong. At the same time, inflation dropped markedly in September, including due to strong base effects, and most measures of underlying inflation have continued to ease. The Governing Council’s past interest rate increases continue to be transmitted forcefully into financing conditions. This is increasingly dampening demand and thereby helps push down inflation." | <blockquote>“Inflation is still expected to stay too high for too long, and domestic price pressures remain strong. At the same time, inflation dropped markedly in September, including due to strong base effects, and most measures of underlying inflation have continued to ease. The Governing Council’s past interest rate increases continue to be transmitted forcefully into financing conditions. This is increasingly dampening demand and thereby helps push down inflation."</blockquote> | ||
== References == | == References == | ||