ECB MONETARY POLICY OUTCOME :
ECB raises rates by unprecedented 75 bps to 1.25%, its highest level since 2011.
ECB raises inflation forecasts again, slashes 2023 growth outlook.
ECB now sees GDP growth at 3.1% in 2022 and 0.9% in 2023 from 2.1% projected in June.
ECB forecast inflation at 8.1% in 2022 and 5.5% in 2023 versus expectations of 3.5% predicted earlier.
ECB mentioned that future interest rate path to be data dependent.
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# ECB Monetory POLICY