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

Summary by Ground News

ECB lifts all its key rates by three-quarters of a percentage point. The bank had raised interest rates in July, its first increase in more than 11 years. Prices in the bloc are rising at the highest pace for half a century. ECB president Christine Lagarde said the central bank could not control high energy prices.

Published 5 months ago

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BBC News

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.

5 months ago·United Kingdom

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The Telegraph

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.

5 months ago·London, United Kingdom

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France24

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…

5 months ago·France

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rnd.de

FAQ on the ECB interest rate hike: Why were key interest rates raised so sharply?

The ECB is turning the interest rate screw more hard than ever before. Inflation is to be slowed down by 0.75 percentage points more. On the one hand, researchers are calling for further increases and at the same time warn of risks to the economy. Answers to the most important questions.

5 months ago·Germany

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Coin Desk

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.

5 months ago

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Berliner Zeitung

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.

5 months ago

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