European Central Bank meeting —

At its 16 March 2023 meeting, the European Central Bank raised its policy rate from 2.50% to 3.00%.

Decision

hike — 2.50% to 3.00%

Key passages

Inflation is projected to remain too high for too long.

Justifies continued tightening; inflation still above target.

Therefore, the Governing Council today decided to increase the three key ECB interest rates by 50 basis points

Rate hike confirmed; markets focus on size and signal of determination.

Meeting documents

Background reading

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