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1. 標題：
歐央行升息一碼

2. 來源：
歐洲央行網站

3. 網址：
https://myppt.cc/XkXef2

4. 內文：

不想看原文的，只有一個重點

升息一碼到4%


Monetary policy decisions
14 September 2023

Inflation continues to decline but is still expected to remain too high for
too long. The Governing Council is determined to ensure that inflation
returns to its 2% medium-term target in a timely manner. In order to
reinforce progress towards its target, the Governing Council today decided to
raise the three key ECB interest rates by 25 basis points.

The rate increase today reflects the Governing Council’s assessment of the
inflation outlook in light of the incoming economic and financial data, the
dynamics of underlying inflation, and the strength of monetary policy
transmission. The September ECB staff macroeconomic projections for the euro
area see average inflation at 5.6% in 2023, 3.2% in 2024 and 2.1% in 2025.
This is an upward revision for 2023 and 2024 and a downward revision for
2025. The upward revision for 2023 and 2024 mainly reflects a higher path for
energy prices. Underlying price pressures remain high, even though most
indicators have started to ease. ECB staff have slightly revised down the
projected path for inflation excluding energy and food, to an average of 5.1%
in 2023, 2.9% in 2024 and 2.2% in 2025. The Governing Council’s past
interest rate increases continue to be transmitted forcefully. Financing
conditions have tightened further and are increasingly dampening demand,
which is an important factor in bringing inflation back to target. With the
increasing impact of this tightening on domestic demand and the weakening
international trade environment, ECB staff have lowered their economic growth
projections significantly. They now expect the euro area economy to expand by
0.7% in 2023, 1.0% in 2024 and 1.5% in 2025.

Based on its current assessment, the Governing Council considers that the key
ECB interest rates have reached levels that, maintained for a sufficiently
long duration, will make a substantial contribution to the timely return of
inflation to the target. The Governing Council’s future decisions will
ensure that the key ECB interest rates will be set at sufficiently
restrictive levels for as long as necessary. The Governing Council will
continue to follow a data-dependent approach to determining the appropriate
level and duration of restriction. In particular, the Governing Council’s
interest rate decisions will be based on its assessment of the inflation
outlook in light of the incoming economic and financial data, the dynamics of
underlying inflation, and the strength of monetary policy transmission.

Key ECB interest rates
The Governing Council decided to raise the three key ECB interest rates by 25
basis points. Accordingly, the interest rate on the main refinancing
operations and the interest rates on the marginal lending facility and the
deposit facility will be increased to 4.50%, 4.75% and 4.00% respectively,
with effect from 20 September 2023.

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※ 作者: poisonB 2023-09-14 21:20:22
※ 文章代碼(AID): #1b0mYQBA (Stock)
※ 文章網址: https://www.ptt.cc/bbs/Stock/M.1694697626.A.2CA.html