– ECB Hikes Rates By 25bps (As Expected), Warns “Inflation Continues To Be Too High For Too Long”:
As expected (and fully priced-in), The ECB slowed its pace of rate-hikes, matching The Fed’s 25bps move yesterday, taking the key rate to 3.25%, after its preferred inflation measure eased for the first time in 10 months.
The hike comes with a warning that “the inflation outlook continues to be too high for too long.”
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