ECB slows rate hikes but pledges continued inflation fight

ECB slows rate hikes but pledges more to keep up inflation fight

The European Central Bank eased the pace of its interest rate hikes on Thursday but stressed significant tightening remained ahead and laid out plans to drain cash from the financial system as part of a dogged fight against runaway inflation.

European Central Bank slows rate hikes but vows more ahead

The European Central Bank slowed its record pace of interest rate increases slightly Thursday but promised that more hikes are on the way, joining the U.S. Federal Reserve and other central banks in reinforcing an inflation crackdown despite some recent headway against the high prices that are plaguing consumers.The ECB, Bank of England and Swiss National Bank dialed back their increases to half a percentage point from three-quarters in a blitz …

ECB raises Eurozone interest rates to 2.5%

The European Central Bank (ECB) has raised interest rates again, but by less than its two most recent hikes. The main rate has increased by 0.5 percentage points to 2.5%,

ECB hikes interest rates to head off inflation - La Prensa Latina Media

Frankfurt, Germany, Dec 15 (EFE).- The European Central Bank raised interest rates on Thursday by half a percentage point, pushing its key rate to its highest level since December 2008 in a bid to contain inflation. “The Governing Council today decided to raise the three key ECB interest rates by 50 basis points and, based on the substantial upward revision to the inflation outlook, we expect to raise them further,” the central bank’s president,…

European Central Bank slows rate hikes but vows more ahead

By DAVID McHUGH (AP Business Writer) FRANKFURT, Germany (AP) — The European Central Bank slowed its record pace of interest rate increases slightly Thursday but promised that more hikes are on the way, joining the U.S. Federal Reserve and other central banks in reinforcing an inflation crackdown despite some recent headway against the high prices that are plaguing consumers. The ECB, Bank of England and Swiss National Bank dialed back their incr…

European Central Bank slows rate hikes but vows more ahead

FRANKFURT, Germany (AP) — The European Central Bank slowed its record pace of interest rate increases slightly Thursday but promised that more hikes are on the way, joining the U.S.