The European Central Bank (ECB) announced this Thursday an increase in interest rates of 25 basis points, up to 4.5%, maximums in two decades. A decision that has been made by a “solid majority”, but in which there has been no consensus among the members of the organization’s Governing Council. On the other hand, where there does seem to be unanimity is investment banking, which with few exceptions, firmly states that this has been the last movement of the restrictive monetary cycle.
The analysts’ arguments rest on a message that the vast majority considers key: “the Governing Council considers that the official interest rates of the ECB have reached levels that, maintained for a sufficiently long period, will contribute substantially to the prompt return of inflation to target.”
