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An official from the European Central Bank (ECB) has recently voiced his stance on the bank’s interest rates, following a decision to raise them by 25 basis points. He expressed satisfaction with the current state of affairs and indicated that there is no expectation for a rate hike at the upcoming policy meeting, according to statements made on Thursday.
This development comes in the aftermath of other major banks, such as the Federal Reserve (Fed), the Bank of England (BOE), and the Swiss National Bank (SNB), opting to maintain their existing rates. These decisions were made subsequent to the ECB’s move to increase its interest rates.
In addition to commenting on future rate decisions, the ECB official underscored the bank’s commitment to closely track any signs of persistently high inflation levels. This statement reflects the ECB’s ongoing dedication to upholding economic stability in the Eurozone.
In related developments, Christine Lagarde, another ECB official, is scheduled to deliver a speech at 10 AM Eastern Time. Her comments are eagerly anticipated given the current economic climate.
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