On 10 September, the ECB raised its policy rate, the deposit rate, by 25 basis points to 2.50%, as expected. As a result, the refinancing rate and the marginal lending rate also increased by 25 basis points each to 2.65% and 2.90% respectively. The decision was accompanied by new forecasts from the ECB economists. Again, […]The post ECB Needs to Manage Longer-Lasting Inflation Shock appeared first on ActionForex.