European Central Bank ( ECB), March 2023 interest rate decision 50 basisannounced that the score is in the direction of increase.
The sharp interest rate policy of the USA caused the banks to have troubled days. In these days when liquidity problems were discussed and banks were collapsing, it was also a matter of curiosity what would be the interest rate decisions on the European side. In global markets where banks are bankrupt and recession concerns are dominant, interest rate increases are expected to slow down and inflation rates are expected to decline. In this context ECB, in March 2023 interest rate decision 50 basismade a statement about the increase in points.
European Central Bank Announces March Interest Rate Decision
USAA decrease in the direction of expectations in the latest inflation data and the signals that it will slow down the interest rate increase, their eyes are on. Europe turned to interest rate decision.
European Central Bank ( ECB), your expectations 50 basis point increaseIn the light of the fact that the interest rate decision in March 2023 50 basis determined as an increase in points. With this rate decision ECBcurrent interest policy was 3.5 percent.
The ECB made the following statements on the subject;
Inflation is expected to remain very high for a very long time. Therefore, the Governing Council has decided today to increase the ECB’s three core interest rates by 50 basis points, in line with its determination to ensure a timely return of inflation to the 2% medium-term target. The increasing level of uncertainty reinforces the importance of a data-driven approach in the Governing Council’s policy rate decisions; This approach will be determined by the evaluations of the inflation outlook, the basic dynamics of inflation and the strength of the monetary policy transmission in the light of incoming economic and financial data.
Inflation 2 percentaimed at raising ECB , underlined that they closely follow current market tensions and processes. Referring also to the recent liquidity squeeze ECB, “The policy toolkit is fully equipped to provide liquidity support to the euro area financial system if needed and to maintain the smooth transmission of monetary policy.”said.
