ECB Raises Rates 25 bps, Flags Highly Uncertain Outlook
Tiger Newspress
Sep 10
ECB raised policy rates by 25 bps as expected. Deposit facility rate increased from 2.25% to 2.50%; main refinancing rate to 2.65%; marginal lending rate to 2.90%.
ECB says outlook highly uncertain; upside risks to inflation coexist with downside risks to growth.
ECB will adopt a data-dependent, meeting-by-meeting approach to determining the appropriate monetary policy stance.
ECB projects GDP growth of 0.9% in 2026, 1.4% in 2027 and 1.5% in 2028, versus June projections of 0.8%, 1.2% and 1.5% respectively.
Traders' bets on ECB rates remained steady, pricing one further rate hike in 2026.
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