European Central Bank meeting —

At its 15 June 2023 meeting, the European Central Bank raised its policy rate from 3.25% to 3.50%.

Decision

hike — 3.25% to 3.50%

Key passages

Inflation has been coming down but is projected to remain too high for too long.

Reiterates that inflation is still above target and persistent.

It therefore today decided to raise the three key ECB interest rates by 25 basis points.

Direct rate hike confirms tightening bias.

Meeting documents

Background reading

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