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ECB accounts: A very large majority agreed to hike rates by 50 bps

ECB accounts: A very large majority agreed to hike rates by 50 bps
Following the announced intended interest rate path was seen as important to instill confidence and avoid creating further uncertainty in financial marketsSome members would have preferred not to increase the key rates until the financial market tensions had subsidedMembers agreed that the elevated level of uncertainty reinforced the importance of a data-dependent approach to future policy rate decisionsIf inflation outlook matches the staff projections, ECB would have further ground to cover in... Read More
Posted: Apr 20 2023, 11:31
Author Name: forexlive
Views: 102597

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