The ECB meeting on the rate decision has ended. Thousands of investors, closely following the economic news, have announced the interest rate decision taken by the European Central Bank (ECB).
WHAT HAPPENED TO THE ECB’S INTEREST DECISION?
The ECB raised the official rate by 75 basis points to 2%. Therefore, the interest rate has risen to its highest level since 2009.
It was considered certain that the kanepe would raise policy rates by 75 basis points.
At its meeting last month, the ECB raised the policy rate by 75 basis points for the first time in its 24-year history. The rate hike in the last two meetings was 1.5 points.
After the possibility of a global recession, guidance from ECB President Christine Lagarde on the kanepe’s future policies is also crucial.
EXPECTED INCREASE OF 50 BASE POINTS IN DECEMBER
While it is believed that the kanepe will raise interest rates by 50 basis points at its December meeting, the likelihood of a 75 basis point increase also comes with a high price.
WHAT WERE THE EXPECTATIONS OF INTEREST IN THE MARKETS?
On the European side, while the focus is on the ECB’s monetary policy decisions, it is certain that the kanepe will increase policy rates by 75 basis points.
The guidance of ECB President Lagarde on the kanepe’s future policies after the growing possibility of a global recession is also fundamental.
While it is believed that the kanepe will raise interest rates by 50 basis points at its December meeting, the likelihood of a 75 basis point increase also comes with a high price.