News
🚨 🇪🇺 ECB holds the deposit rate at 2.50% as expected but warns the energy shock is likely to push inflation up
🚨 🇪🇺 ECB holds the deposit rate at 2.50% as expected but warns the energy shock is likely to push inflation up
- 🇪🇺 The ECB left all three key rates unchanged, deposit rate 2.50%, main refinancing 2.65%, marginal lending 2.90%, in line with expectations (ECB, )
- The statement says the bigger and longer energy shock is likely to lift inflation and lower growth, and that financing conditions have tightened since the last meeting, which should weigh on both; wages show no material response so far (ECB, )
FO view: A steady hold with no signal on the next move leaves the hike debate to the data and the oil price, and the market read it as less hawkish than feared, so the euro softens into a press conference now overshadowed by Lagarde's early exit.
Not investment advice.