ECB

The euro area and US central banks have applied similar monetary policy tightening over the past 18 months with distinctly different results. We see three key reasons why

Meeting prompted by tumultuous week for banks across the world

Up from 0.5%

25 basis points from July

Exceeding expectations at 8.1%

Declining macro outlook

Confirmed wind down of bond buying in third quarter

Invasion is a 'watershed' moment

ECB policymaker