The Governing Council decided to leave the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council decided to end net asset purchases under its asset purchase programme (APP) as of 1 July 2022. Accordingly, and in line with the Governing Council’s policy sequencing, the Governing Council intends to raise the key ECB interest rates by 25 basis points at its July monetary policy meeting. The new staff projections foresee annual inflation at 6.8% in 2022 – higher than in the March projections.
Post by: Republic of Türkiye Ministry of Trade