BREAKING:EUR strengthens after ECB decision

The ECB raised its benchmark interest rate by 50 bps to 2.50 % as widely expected.

• However, the ECB informs that it is clearly raising inflation expectations, which will be met with further significant interest rate increases in the future. The euro gains after this announcement.
• The ECB indicates that interest rates must reach a restrictive level for inflation to reach the target of 2% in the medium term
• The APP portfolio will be reduced moderately from the beginning of March 2023 by no reinvestment!

ECB post meeting conference starts at 1:45pm BST and comments at the conference may impact markets significantly. We will report the conference for you in the News section.

EURUSD is rather unimpressed by ECB rate decision. The pair is testing 50 hour moving average. Source: xStation5