ECB Rate hike verdict is 50bps, Bitcoin stands firm just below $25k

ECB raised the deposit facility rate from 2.5% to 3%

This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Make preferred on Google logo

Quick Take

  • The ECB raised the deposit facility rate by 50 bps to 3%.
  • Before the collapse of SVB and the fallout of Credit Suisse, markets were expecting a 50bps rate hike from the ECB; however, moments before the decision, markets saw a 35% probability of a 50bps hike.
ECB Deposit Rate: (Source: Fred)
ECB Deposit Rate: (Source: Fred)
Currencies: (Source: Trading View)
Currencies: (Source: Trading View)