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16 March 2023 Europe | Monetary Policy & Inflation

ECB Review: 50bps and No Liquidity Facility, But Not Business as Usual

Caroline Grady

Summary

The ECB sounded reasonably hawkish at the policy meeting today despite the banking sector stress.

The Governing Council stuck with its earlier guidance and delivered another 50bps rate hike. It announced no new facilities to support banking sector liquidity.

Summary

The ECB sounded reasonably hawkish at the policy meeting today despite the banking sector stress.

The Governing Council stuck with its earlier guidance and delivered another 50bps rate hike. It announced no new facilities to support banking sector liquidity.

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