Raises interest rate on marginal lending facility to 3.75% vs 3.25% prior.Refrains from signalling future rate moves in statement.Headline inflation expected to average 5.3% in 2023, 2.9% in 2024 and 2.1% in 2025.Elevated level of uncertainty reinforces importance of a data-dependent approach to ECB policy decision, which will be determined by its assessment of inflation outlook in light of incoming data and dynamics.
Analysts at ANZ Bank explained that ´´mainstream reports in the US that major US banks, working with the government, are in discussions to support California based First Republic Bank, also buoyed sentiment. US regional bank stocks climbed 5.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Oommooooooo
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »