As we previewed earlier, while the ECB decision was a tough call and while pure mathematical consensus expected no hike today, moments ago the ECB surprised the consensus (if not our readers) with what is most likely the final rate hike, when it raised all three deposits rates by 25bps (and the key Deposit rate for the 10th consecutive time to a record 4.00%) because while "inflation continues to decline but is still expected to remain too high for too long. The Governing Council is determined to ensure that inflation returns…
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