European Central Bank meeting —

At its 27 October 2022 meeting, the European Central Bank raised its policy rate from 0.75% to 1.50%.

Decision

hike — 0.75% to 1.50%

Key passages

The Governing Council today decided to raise the three key ECB interest rates by 75 basis points.

Third consecutive 75bp hike confirms aggressive tightening pace.

The Governing Council took today’s decision, and expects to raise interest rates further, to ensure the timely return of inflation to its 2% medium-term inflation target.

Explicit expectation of further hikes, reinforcing tightening bias.

Meeting documents

Background reading

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