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ECB Statement Keeps Forward Guidance Unchanged

ECB

ECB Policy statement highlights - forward guidance unchanged:

  • Inflation has been revised down, in particular for 2024 which mainly reflects a lower contribution from energy prices.
  • Domestic price pressures remain high, in part owing to strong growth in wages.
  • Key ECB interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution [to hitting inflation target]
  • GC will regularly assess how targeted lending operations and their ongoing repayment are contributing to its monetary policy stance.

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