25 Base Points Increase and Details at ECB Interest Rate Meeting…

*The other day, after the Fed’s decision to increase interest rates by 25 basis points, the ECB decided to increase it to 3.75% with a 25 basis point increase in interest rates.

In the statement published after the decision, it is stated that the inflation outlook continues to be very high for too long, headline inflation has decreased in recent months, but the underlying price pressures remain strong, inflation should be brought to sufficiently restrictive levels to ensure a timely return to the 2% medium-term target and It was stated that it will ensure that it is kept at these levels as long as necessary.

• In his statements, ECB President Lagerde said that the inflation outlook is very high and will remain so for a very long time, household demand remains weak, the manufacturing sector weakens, the service sector is recovering, price pressures remain strong even though headline inflation has fallen in recent months, He stated that subsidies are needed and that the banking sector is strong in the Euro Area.
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*The trade balance in Germany gave a surplus of 16.7 billion Euros in March. While the expectations were for a surplus of 16.1 Billion Euros, a surplus of 16.0 Billion Euros was announced in the previous data.

*German Services PMI rose to 56.0 in April, against the expectations of 55.7. It was announced at 53.7 in March. *Euro Area Services PMI was realized as 56.2 in April, against the expectations of 56.6. It was announced at 55 in March.