European Central Bank Exits Negative Interest Rates

Summary The European Central Bank (ECB) joined the global rate hike cycle at today’s announcement, delivering a larger-than-expected 50 bps Deposit Rate increase, to 0.00%. The ECB said a further normalization of interest rates would be appropriate at upcoming meetings. The ECB also approved the Transmission Protection Instrument (TPI), a tool aimed at supporting orderly […]

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