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ECB hikes by 25bp and signals end to hiking cycle
The fear of not getting inflation fully under control and the risk of stopping too early must have outweighed concerns around the rising recession risk in the eurozone, motivating the European Central Bank to hike interest rates for the tenth consecutive time since July 2022. After a total of 450bp rate hikes, the ECB’s deposit rate is now at a record high. ECB's staff projections point to too high inflation and lower growth The ECB remains highly concerned about inflation, not only actual inflation but also future inflation. The newest ECB staff projections show headline inflation coming in at 3.2% in 2024 and ... (full story)