ECB leaves rates unchanged as expected

The highlights of the ECB rate decision Main refi rate unchanged at 2.15%Deposit rate unchanged at 2.00%War poses upside risks to inflation, downside risks to growthDetermined to ensure inflation reaches targetImplications for medium-term inflation depend crucially on the magnitude of indirect and second-round effectsThe market is now pricing in 64 bps in rate hikes this year for the… Main refi rate unchanged at 2.15% Deposit rate unchanged at 2.00% War poses upside risks to inflation, downside risks to growth Determined to ensure inflation reaches target Implications for medium... Main refi rate unchanged at 2.15% Deposit rate unchanged at 2.00% War poses upside risks to inflation, downside risks to growth Determined to ensure inflation reaches target Implications for medium-term inflation depend crucially on the magnitude of indirect and second-round effects The market is now pricing in 64 bps in rate hikes this year for the European Central Bank as energy prices in Europe surge. The ECB held all three… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.