Main rate remains at 4.50%The war is having significant economic consequences, both on real economic activity and on the financial markets, and the country’s risk premium remains highGDP contracted by 5.2 percent in the fourth quarter of 2023The interest rate path will be determined in accordance with the continued convergence of inflation to its target, continued stability in the financial markets, economic activity, and fiscal policyFull statementThis announcement was a bit of a nightmare as a newswire initially reported that they cut rates. I can't imagine if that ever happened on an FOMC decision. This article was written by Adam Button at www.forexlive.com.
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