ECB hikes 75bps, recalibrates TLTRO III

ECB raises interest rates by 75bps as widely expected. The main refinancing, marginal lending, and deposit rates are 2.00%, 2.25%, and 1.50% respectively, with effect from November 2. The central bank also maintains tightening bias, and said, it “expects to raise interest rates further, to ensure the timely return of inflation to its 2% medium-term […]

The post ECB hikes 75bps, recalibrates TLTRO III appeared first on Action Forex.