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European Central Bank hikes rates .50%despite market mayhem, pledges support if needed
PUBLISHED THU, MAR 16 20239:17 AM EDTUPDATED 9 MIN AGO

https://www.cnbc.com/2023/03/16/ecb-rate-decision-march-meeting-lagarde-announces-new-rate-hike.html

The European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is ready to supply liquidity to banks if needed, amid recent turmoil in the banking sector.

The ECB had signaled for several weeks that it would be raising rates again at its March meeting, as inflation across the 20-member region remains sharply above the targeted level. In February, preliminary data showed headline inflation of 8.5%, well above the central bank’s target of 2%.

ECB 50-basis-point hike in March a done deal, May and June undecided

https://www.reuters.com/markets/rates-bonds/ecb-50-basis-point-hike-march-done-deal-may-june-undecided-2023-02-16/#:~:text=ECB%20President%20Christine%20Lagarde%20said,at%20the%20March%2016%20meeting.

LONDON, Feb 16 (Reuters) - The European Central Bank will raise its deposit rate at least twice more, taking the terminal rate to 3.25% in the second quarter, with a vast majority of economists polled by Reuters saying the greater risk is it goes even higher.

ECB President Christine Lagarde said at a news conference this month that the euro zone's central bank would add 50 basis points to the deposit rate. Economists took her at her word, with all 57 of them polled in the Feb. 10-15 period expecting a deposit rate hike to 3.00% at the March 16 meeting.

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