European Central Bank meeting —
At its 21 July 2022 meeting, the European Central Bank raised its policy rate from -0.50% to 0.00%.
Decision
hike — -0.50% to 0.00%
Key passages
The Governing Council judged that it is appropriate to take a larger first step on its policy rate normalisation path than signalled at its previous meeting.
It will support the return of inflation to the Governing Council’s medium-term target by strengthening the anchoring of inflation expectations and by ensuring that demand conditions adjust to deliver its inflation target in the medium term.
Meeting documents
Background reading
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