European Central Bank meeting —
At its 15 December 2022 meeting, the European Central Bank raised its policy rate from 1.50% to 2.00%.
Decision
hike — 1.50% to 2.00%
Key passages
The Governing Council today decided to raise the three key ECB interest rates by 50 basis points and, based on the substantial upward revision to the inflation outlook, expects to raise them further.
In particular, the Governing Council judges that interest rates will still have to rise significantly at a steady pace to reach levels that are sufficiently restrictive to ensure a timely return of inflation to the 2% medium-term target.
Meeting documents
Background reading
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