“Future decisions by the Governing Council will ensure that its key interest rates are set at sufficiently restrictive levels for as long as necessary,” the European Central Bank (ECB) said Economic Bulletin he showed on Thursday.
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The Governing Council will continue to take a data-driven approach in determining the appropriate level and duration of restrictions.
The incoming information basically confirmed his previous assessment of the medium-term inflation outlook.
The Eurozone economy is likely to stagnate in the last quarter of 2023.