Dovish ECB hike, peak reached already, 2024 & 2025 core inflation and growth downgraded

<p>ECB delivers a dovish 25bps rate hike today. The accompany statement indicated that the current tightening cycle could have reached its peak already. Also, core inflation and growth forecasts for 2024 and 2025 were revised down. The newly set rates are as follows: main refinancing operations rate at 4.50%, marginal lending facility rate at 4.75%, [&#8230;]</p>
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