🚨 BREAKING 🚨 ECB hikes key rates by 25 basis points in May as expected
"Inflation outlook continues to be too high for too long."
"ECB's future decisions will ensure that policy rates will be brought to levels sufficiently restrictive to achieve a timely return of inflation to 2% medium-term target and will be kept at those levels for as long as necessary." "The APP portfolio is declining at a measured and predictable pace, as the Eurosystem does not reinvest all of the principal payments from maturing securities."Market reaction
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