Article · Money and markets
The ECB raised rates to 2.50%. What actually changed?
It raised them, exactly as priced, so the rate itself said nothing new. The news is in the ECB's own forecasts: since June it has pushed inflation further out, and it no longer sees it at 2% even in 2028.
On 5 September we wrote that until the ECB met, the only fact was the date and everything else was a bet, and we promised to check two things after 10 September. Here they are.