Usledio je odgovor ECB na pritiske da se poveća referentna kamatna stopa. Tek drugi rast kamatne stope nakon više od 6 godina. Upravni savet je odlučio da podigne tri ključne kamatne stope ECB za 75 baznih poena, očekujući da su to nivoi koji će obezbediti blagovremeni povratak inflacije na srednjoročni cilj ECB od 2%. Shodno tome, kamatne stope na glavne operacije refinansiranja i kamatne stope na graničnu kreditnu liniju i depozitnu liniju biće povećane na 1,25%, 1,50% i 0,75% respektivno. Očekuje se (!!!) da će dodatno povećanje kamatne stope ublažiti tražnju i obezbediti zaštitu od rizika stalnog pomeranja inflatornih očekivanja naviše. Rastuće cene energije i hrane, pritisci tražnje u nekim sektorima zbog ponovnog otvaranja privrede i uska grla u ponudi (√) i dalje podstiču inflaciju. Veoma visoke cene energije smanjuju kupovnu moć prihoda ljudi i, iako uska grla u snabdevanju popuštaju, ona i dalje ograničavaju ekonomsku aktivnost. Podaci ukazuju na značajno usporavanje ekonomskog rasta Evrozone, pri čemu se očekuje da će privreda stagnirati do kraja 2022. godine i u prvom kvartalu 2023.
This was followed by the ECB’s response to pressures to increase the benchmark interest rate. Only the second increase in the interest rate after more than 6 years. The Governing Council decided to raise the ECB’s three key interest rates by 75 basis points, expecting these to be levels that would ensure a timely return of inflation to the ECB’s medium-term target of 2%. Accordingly, interest rates on main refinancing operations and interest rates on marginal credit line and deposit line will be increased to 1.25%, 1.50% and 0.75% respectively. It is expected (!!!) that the additional increase in the interest rate will moderate demand and provide protection against the risk of a constant upward shift in inflationary expectations. Rising energy and food prices, demand pressures in some sectors due to the reopening of the economy and supply bottlenecks (√) continue to fuel inflation. Very high energy prices reduce the purchasing power of people’s incomes and, although supply bottlenecks are easing, they continue to constrain economic activity. The data indicate a significant slowdown in the economic growth of the Eurozone, with the economy expected to stagnate until the end of 2022 and in the first quarter of 2023.