ECB hikes 50 bps and moves towards a more data-dependent approach
Moving Markets
00:00
The ECB's Pre-Commitment to Tighten Monetary Policy Continues
The ECB increased rates by 50 basis points. The major reason why to tighten monetary policy further is that inflation is still elevated. According to the ECB assessments, there's not enough being done to bring down inflation. At the same time, the ECB changed a bit. Its guidance, its rhetoric, going forward and became more data dependent. We think that's a good move in terms of ECB policy going forward.
Play episode from 04:33
Transcript
