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ECB Monetary Policy Announcement- Insights from Saxo Bank

Following the ECB monetary policy announcement, our spokesperson, Hamza Dweik, Head of Trading (MENA), Saxo Bank, has shared his insights.   The ECB’s decision to leave interest rates unchanged was widely expected by markets, but the message from Frankfurt was more important than the decision itself. The Governing Council kept the deposit facility rate at 2.25%, the
NEWS DESK

ECB raises eurozone interest rates as Iran war stokes inflation

The European Central Bank recently adjusted its monetary policy in response to escalating global tensions and the resulting impact on energy costs. Previously, officials had hoped that diplomatic negotiations abroad would stabilize fuel markets, allowing them to maintain their previous approach. However, with the ongoing conflict continuing to elevate expenses for both