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EUR/USD at critical spot on charts ahead of ECB


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3 hours ago, RCtrader said:

ECB's interest rate decision is to be released today. 🤑

Breaking News: ECB Hikes by 75 Bps, Citing Inflation Risks, EURUSD Down

Breaking News: ECB Hikes by 75 Bps, Citing Inflation Risks, EURUSD Down

Oct 27, 2022 | DailyFX
Richard Snow, Analyst

ECB RATE DECISION

  • ECB hikes by 75 basis points, stressing that inflation is too high and expected to remain high for an extended period. Further hikes to come
  • Maturing PEPP and APP proceeds continue to be reinvested
  • Separate note on TLTRO to be provided at 15:45 CET

 

ECB HIKES BY 75 BPS IN LINE WITH THE FORECAST

  • The ECB decided to hike by 75 basis points as inflation remains too high and poses a risk of staying elevated for longer.
  • Asset purchases are to continue to be reinvested (APP and PEPP)
  • Further hikes expected but will remain dependent on data and economy
  • No mention of QT, TLTRO facility will see a change in the rate to counter bank arbitrage

 

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