ECB continues tightening despite financial risks

Lagarde says there are no trade-offs between financial stability and inflation

European Central Bank, Frankfurt
The European Central Bank

The European Central Bank tightened monetary policy at its meeting today (March 16) despite growing financial turmoil in the banking sector.

The ECB’s governing council again increased interest rates by 50 basis points, taking the key deposit rate to 3%. The deposit rate was at -0.5% as recently as July, before the ECB began its sharpest tightening cycle since the euro’s creation.

“Inflation is projected to remain too high for too long” to maintain the policy tightening unchanged, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account