Business daily - ECB hikes interest rates by 0.75% to tackle inflation

Business daily - ECB hikes interest rates by 0.75% to tackle inflation

The European Central Bank has hiked its key interest rate by an unprecedented 0.75%, as it tries to tackle the highest inflation in the bloc's history. But the pace of price rises is largely due to energy costs - and Craig Erlam, Senior Market Analyst at Oanda, says the policy shift "is not going to be as effective as you would ordinarily see." He says government action - like the UK's newly-announced plans to cap energy bills - will have a bigg…

ECB raises key interest rate: What does that mean? Is inflation going to fall now?

In a historic step, the European Central Bank raised the key interest rate by 0.75 percentage points. However, the effects are controversial. An overview of the most important things.

ECB Raises Interest Rates by 75 BPs to Tame Inflation

Andre Portilho, Head of Digital Assets at BTG Pactual, discusses his crypto outlook as European Central Bank has raised interest rates by 75 basis points amid rising inflation. Plus, his comments on CoinDesk's interview with SEC Chairman Gary Gensler.

Eurozone interest rates in record rise to fight inflation

The European Central Bank takes strong action as it tries to cool rapid price growth in the eurozone.

We got inflation forecasts wrong, admits ECB after record interest rate rise

The European Central Bank has announced its biggest ever interest rate rise in the battle to beat inflation, as president Christine Lagarde vowed to keep hiking to stop prices spiralling out of control.

ECB lifts interest rates by unwanted 75 bps to fight inflation

The European Central Bank raised its key interest rates by an unexpected 75 basis points yesterday and signaled further hikes, prioritizing the fight against inflation even as the bloc's economy is heading for a likely winter recovery.