ECB cuts key rates by 25 bps in April monetary policy decision, as expected ...Middle East

Prior decisionDeposit facility rate 2.25% vs 2.25% expectedPrior 2.50%Main refinancing rate 2.40% vs 2.40% expectedPrior 2.65%Marginal lending facility 2.65%Prior 2.90%*Reference to restrictive policy is omitted*The disinflation process is well on trackDetermined to ensure that inflation stabilises sustainably at its 2% medium-term targetNot pre-committing to a particular rate pathWill follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stanceDecisions will be based on 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 transmissionFull statement This article was written by Justin Low at www.forexlive.com.

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