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Review: ECB Increases Rates and Confirms to Be Data Dependent, But Reiterates That “There’s More Ground To Cover”

by Brunello Rosa and Nato Balavadze

16 March 2023

In this paper we discuss:

• the ECB's latest assessment of the Eurozone economy;
• What the ECB decided to do in March and could do in coming months given the uncertainty created by the collapse of SVB and tensions in financial markets;
• The changes in forecasts since the December 2022 Macroeconomic Projections; and
• The market implications of all the above.

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Download PDF: R&R Flash ECB Review - March 2023

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