The ECB’s Interest Rate Hike Is More Than an Insurance Hike, but No Signal for a Start of a Tightening Cycle

At its policy meeting on 11 June, the ECB raised its deposit rate by 25 basis points to 2.25%. This automatically raises the refinancing rate to 2.40% and the marginal lending rate to 2.65%. This decision was unanimous, based entirely on the forecasts of the Eurosystem’s economists and advocated by ECB Chief Economist Lane. The […]

The post The ECB’s Interest Rate Hike Is More Than an Insurance Hike, but No Signal for a Start of a Tightening Cycle appeared first on ActionForex.