As experts pointed out , the European Central Bank (ECB) raised benchmark interest rates at its meeting this Thursday, and did so by 75 basis points (0.75%), instead of the 50 bp and 25 bp initially planned. Thus, the interest rate now stands at 1.25% from the previous 0.50%.
Now, the focus is on Christine Lagarde, president of the organization, and her press conference scheduled for 2:45 p.m. Spanish time.
“The most important thing will be what the institution says about future actions in terms of rates, as well as what its members expect about the progress of the economy and inflation in the coming quarters in the Eurozone. Something that should be revealed by the new macroeconomic framework that the institution makes known”, they point out in Link Securities.