European Central Bank meeting —

At its 4 May 2023 meeting, the European Central Bank raised its policy rate from 3.00% to 3.25%.

Decision

hike — 3.00% to 3.25%

Key passages

The inflation outlook continues to be too high for too long.

Strong language on inflation persistence justifies further tightening.

the Governing Council today decided to raise the three key ECB interest rates by 25 basis points.

Confirms the rate hike itself.

Meeting documents

Background reading

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