EMU: ECB raises rates as expected – UOB – by pabspiovano ECB CentralBanks Banks InterestRate
The European Central Bank decided to raise its three key interest rates by 25bps, in line with our expectations. It also decided to set the remuneration of minimum reserves at 0%.
Just like the ECB, we hold an “open mind as to what the decisions will be in Sep and in subsequent meetings”; though for now, we are keeping to our view of a pause in the current tightening cycle. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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