ECB još jednom podigla referentu kamatnu stopu za 75 baznih poena, na 2%., uz očekivanje daljeg podizanje kamatnih stopa kako bi se obezbedio blagovremeni povratak inflacije na srednjoročnu inflaciju od 2%. Monetarna politika Upravnog saveta je usmerena na smanjenje podrške tražnji i zaštitu od rizika od stalnog pomeranja inflatornih očekivanja naviše. Promenjeni su uslove i odredbe treće serije ciljanih operacija dugoročnog refinansiranja (TLTRO III), s obzirom na neočekivani i vanredni porast inflacije – ponovna ocena u skladu sa širim procesom normalizacije monetarne politike i da bi se pojačao prenos povećanja referentne stope na uslove bankarskog kreditiranja. Upravni savet je stoga odlučio da prilagodi kamatne stope koje se primenjuju na TLTRO III od 23. novembra 2022. i da bankama ponudi dodatne dobrovoljne datume prevremene otplate, i odredi nadoknadu minimalnih rezervi po stopi ECB-ove olakšice za depozite. Nove kamatne stope od 2. novembra 2022. godine su: kamatna stopa na glavne operacije refinansiranja 2,00%, kamatne stope na graničnu kreditnu liniju 2,25% i depozitnu liniju na 1,50%.
The ECB once again raised the benchmark interest rate by 75 basis points, to 2%, with the expectation of further interest rate hikes to ensure a timely return of inflation to medium-term inflation of 2%. The Governing Council’s monetary policy is aimed at reducing demand support and protecting against the risk of a constant upward shift in inflationary expectations. The terms and conditions of the third series of targeted long-term refinancing operations (TLTRO III) have been changed, given the unexpected and extraordinary increase in inflation – a reassessment in line with the broader process of monetary policy normalization and to strengthen the transfer of the reference rate increase to bank lending conditions. The Governing Council therefore decided to adjust the interest rates applicable to the TLTRO III from 23 November 2022 and to offer banks additional voluntary early repayment dates, and set the compensation of minimum reserves at the rate of the ECB’s deposit facility. The new interest rates from November 2, 2022 are: interest rate on main refinancing operations 2.00%, interest rates on marginal credit line 2.25% and deposit line at 1.50%.