ECB MEETING 2023 - UPSC

ECB MEETING 2023 - UPSCThe European Central Bank (ECB) is set to hold its next meeting on November 29, 2023. The ECB Governing Council, which meets every six weeks, has recently raised key interest rates by 75 basis points, the largest increase since the introduction of the euro in 1999. This is the third consecutive rate hike by the ECB to combat high inflation in the eurozone. The ECB is expected to continue raising interest rates at its November meeting, as inflation remains high at 8.1% in 2023, well above its target of 2%. Investors will closely monitor the ECB's monetary policy decisions for any changes.