President Lagarde presents the latest monetary policy decisions – 27 July 2023
The ECB Podcast
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Introduction
Inflation continues to decline, but is still expected to remain too high for too long. We are determined to ensure that inflation returns to our 2% medium-term target in a timely manner. The governing council therefore today decided to raise the three key ECB interest rates by 25 basis points. And we also decided to set the remuneration of minimum reserves at 0%. Now you'll hear President Christine Lagarde explain those decisions in our press conference.
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