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Japanese MOF sells Y4.54007tn 3-Month Bills:

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BBG Sources State GC Discussed 25bps Rate Rise Today

ECB
  • Bloomberg cite sources in reporting that the ECB discussed a smaller hike of 25bps at today's rate decision.
  • Largely inline with expectations - was broadly known that the decision would be between a 25bps and 50bps rate rise so nothing too surprising there. Piece does disclose that the proposal for 50bps was put forward by Chief Econ Lane at this meeting.
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  • Bloomberg cite sources in reporting that the ECB discussed a smaller hike of 25bps at today's rate decision.
  • Largely inline with expectations - was broadly known that the decision would be between a 25bps and 50bps rate rise so nothing too surprising there. Piece does disclose that the proposal for 50bps was put forward by Chief Econ Lane at this meeting.