European Central Bank meeting —
At its 9 June 2022 meeting, the European Central Bank held its policy rate at -0.50%.
Decision
hold — -0.50% to -0.50%
Key passages
But inflation pressures have broadened and intensified, with prices for many goods and services increasing strongly.
The new staff projections foresee annual inflation at 6.8% in 2022, before it is projected to decline to 3.5% in 2023 and 2.1% in 2024 – higher than in the March projections. This means that headline inflation at the end of the projection horizon is projected to be slightly above the Governing Council’s target.
Meeting documents
Background reading
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