The ECB Raised Interest Rates, but Not Its Tone

As expected, the ECB raised its key interest rate by 25 basis points, and the tone of the accompanying statement was fairly optimistic. Although the Bank referred to mounting inflationary pressures and uncertainty stemming from the conflict in the Middle East, it raised its GDP growth forecasts for next year. Inflation forecasts exceed the ECB’s […] The post The ECB Raised Interest Rates, but Not Its Tone appeared first on ActionForex.