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The rate hike is considered a “major step” that “frontloads” the transition to interest rate levels consistent with bringing inflation back down to 2% target
The Governing Council expects to raise interest rates further, remains data-dependent and follows a meeting-by-meeting approach
Inflation is expected to stay above target for an extended period, projections have been revised upwards significantly to averages of 8.1%, 5.5% and 2.3% in 2022, 2023 and 2024
Growth is now expected to stagnate later this year and Q1/23, projections are now for GDP to grow 3.1%, 0.9% and 1.9% in 2022, 2023 and 2024
Suspended the two-tier system for excess reserves by setting the multiplier to zero
APP remains unchanged
The Governing Council expects to raise interest rates further, remains data-dependent and follows a meeting-by-meeting approach
Inflation is expected to stay above target for an extended period, projections have been revised upwards significantly to averages of 8.1%, 5.5% and 2.3% in 2022, 2023 and 2024
Growth is now expected to stagnate later this year and Q1/23, projections are now for GDP to grow 3.1%, 0.9% and 1.9% in 2022, 2023 and 2024
Suspended the two-tier system for excess reserves by setting the multiplier to zero
APP remains unchanged
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.