The European Central Bank announced its latest monetary policy decision today at 1:15 pm BST. Market expected the ECB to deliver the second 25 basis point rate hike in a row and there was no surprise - deposit rate was hiked from 3.25 to 3.50%, reaching the highest level since mid-2001. A new set of economic projections showed upward revisions to inflation forecasts, especially core inflation, as well as a small downward revision to GDP forecasts for 2023 and 2024. ECB also said that it will discontinue reinvestments under APP programme in July.
GDP forecasts
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือ- 2023: 0.9% vs 1.1% previously
- 2024: 1.5% vs 1.6% previously
- 2025: 1.6% vs 1.6% previously
Headline inflation forecast
- 2023: 5.4% vs 5.3% previously
- 2024: 3.0% vs 2.9% previously
- 2025: 2.2% vs 2.1% previously
Core inflation forecast
- 2023: 5.1% vs 4.6% previously
- 2024: 3.0% vs 2.5% previously
- 2025: 2.3% vs 2.2% previously
Market attention now turns to the press conference of ECB President Christine Lagarde, which is scheduled to begin at 1:45 pm BST.
EURUSD jumped following an in-line ECB rate decision and an upward revision to inflation forecasts. Source: xStation5
