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2023/03/16 / Erste Group Research
ECB moves forward more cautiously

ECB moves forward more cautiously

As expected, the Governing Council decided to raise the key interest rates by 50 basis points (bp) at today's meeting. No decision was taken on the further course of action. Inflation forecasts were lowered, especially for the years 2023 and 2024. It was emphasized that the forecasts were made before the recent market turmoil and therefore have a higher degree of uncertainty. Even based on the new lower forecasts, the Governing Council continues to see inflation as ‘too high for too long,’ which is a clear indication of further rate hikes.

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General information

AuthorErste Group Research
Product typeshort note/ daily
Product nameShort Notes Major Markets
Topic in focusMacro/ Fixed income
Market cap-
AvailabilityAll [1]


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