ECB Raises Rates by 25bps on June 12, Cuts Growth Outlook

According to Chinese investment bank CITIC, the European Central Bank raised interest rates by 25 basis points on June 12 and cut its growth forecasts for 2026 and 2027 while raising inflation projections for both years. ECB President Christine Lagarde said the rate hike decision passed unanimously among Governing Council members, deeming it necessary. She expects inflation to return to the ECB's target in the second half of 2027. Derivatives markets are currently pricing in at least one more rate hike from the ECB by year-end.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments