Europe | ECB kept rates on hold following 10 consecutive hikes

Today's ECB policy adhered to broader expectations of maintaining the status quo on policy rates and quantitative tightening. After a remarkable streak of 10 consecutive rate hikes, the ECB's decision today to leave the three key ECB interest rates unchanged came as no surprise, in line with our expectations.

Key points

• Key points:
• No new insights on PEPP reinvestments and bank reserve requirements
• The ECB deemed it premature to discuss potential future rate cuts

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