ECB hikes 50bps, frontloading exit from negative deposit rate

ECB announced to raise the three key interest rates by 50bps today. The main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 0.50%, 0.75% and 0.00% respectively, with effect from 27 July 2022. The “larger first step” in policy normalization was based on the […]

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