Postponement, but Not Cancellation of ECB Rate Hike

At its policy meeting on 29 October, the ECB kept its policy rate, the deposit rate, unchanged at 2.50%, as expected. As a result, the refinancing rate and the marginal lending rate also remain unchanged at 2.65% and 2.90% respectively. Not surprisingly, ECB President Lagarde indicated during her press conference that higher energy prices since […] The post Postponement, but Not Cancellation of ECB Rate Hike appeared first on ActionForex.