WEEKLY NEWS | 30 JANUARY 2023 | 183
THE MARKET WATCH
European Central Bank to raise deposit rate to 3.25% by mid-year - Reuters poll
LONDON, Jan 23 (Reuters) - The European Central Bank will be more aggressive than previously thought in its tightening campaign, adding another 50 basis points to its deposit rate on Feb. 2, as it continues its battle against rampant inflation, a Reuters poll found.
Although the euro zone's central bank has been raising rates at its fastest pace on record it has so far failed to bring inflation anywhere near its 2% target. Prices rose 9.2% in December on a year earlier, official data showed last week.
Marc Angel, a first-term socialist MEP from Luxembourg, has been elected as one of the 14 Vice-Presidents of the European Parliament, filling the vacant spot left by Eva Kaili.
The Greek legislator was stripped of her position last month after she was detained by Belgian authorities and charged with accepting "large