ECB Hikes to 2.50%, Lagarde Won’t Pre-Commit to October
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The ECB's decision on Thursday for an additional 0.25% interest rate hike, as we tried to explain in the last note in Oconoclastics, has not ... The article Ms. Lagarde "stated" that the ECB could make things even... worse was published in NewsIT.
The benchmark rate is 2.50%; rising inflation due to renewed fighting in the Middle East, fear.
ECB Hikes to 2.50%, Lagarde Won’t Pre-Commit to October
The European Central Bank raised its deposit rate to 2.50% on Thursday, but the more important move for currency traders came after the decision, when President Christine Lagarde refused to validate a specific path for the additional tightening already embedded in European rates. The 25-basis-point increase itself contained almost no surprise. All 65 economists in a Reuters poll conducted between August 31 and September 3 had forecast the deposi…
The Governing Council cannot anticipate the next evolution of interest rates, which will depend on economic, more concrete, inflation data, said European Central Bank President Christine Lagarde on Thursday, reports to the EFE agency, reports Agerpres.
The Governing Council cannot anticipate the next evolution of interest rates, which will depend on economic data, more concretely [...]
ECB Raises Interest Rates by a Quarter of a Percentage Point, Deposit Rate at 2.50% | ČeskéNoviny.cz
Berlin/Prague - The European Central Bank (ECB) today, as expected, raised interest rates by another quarter of a percentage point. The deposit rate rose to 2.50 percent, the bank said in a press release. It warned that the conflict in the Middle East continues to create inflationary pressures and predicted that inflation in the euro zone will remain above the 2 percent target for an extended period.
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