Monetary policy decisions
What changed vs prior statement
- 01Governing Council raised key interest rates by 25 basis points, indicating a shift in monetary policy stance.
- 02Emphasis on a data-dependent approach added, reflecting ongoing uncertainties from external shocks.
- 03Outlook introduces risk-balance language, highlighting upside risks for inflation and downside risks for economic growth.
From the original
PRESS RELEASE Monetary policy decisions 11 June 2026 The Governing Council is committed to setting monetary policy to ensure that inflation stabilises at its 2% target in the medium term. In line with this commitment, it today decided to raise the three key ECB interest rates by
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ECB hikes interest rates by 25bp
The ECB's recent interest rate hike of 25 basis points reflects a proactive approach to managing inflationary pressures exacerbated by geopolitical events, according to the latest analysis from **ING**. This marks the ECB's first increase since September 2023, adjusting the deposit rate to 2.25%. With inflation expected to trend towards 3.0% this year, the ECB appears committed to avoiding past mistakes of delayed action amidst rising prices; however, concerns over inflation's sustainability remain relevant. Market participants should note that this movement aligns with broader expectations of restrained economic growth projected at 0.8% in 2026. Per the full note, the ECB's approach is now informed by the lessons learned from its earlier inactions during the inflation surge of 2021-2022.
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