Published 2 months ago

European Central Bank hikes rates to record level as inflation risks outweigh economic gloom

The European Central Bank (ECB) has raised interest rates to a record high of 4%, the 10th consecutive increase, due to concerns about persistently high inflation.
Despite the rate hike, the ECB indicated that it may be the last for now, as they believe the current rates will contribute to a timely return of inflation to their target of 2%.
The ECB expects inflation in the eurozone to decrease to around 2.9% next year and 2.2% in 2025.

Insights by Ground AI

Does this summary seem wrong?

More
Filters

107 Articles

All

Left

Center

Right

Times of India

European Central Bank raises interest rates to 4%

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy.

2 months ago·India

Read Full Article

BBC News

Eurozone interest rates raised to all-time high

The European Central Bank increases rates for the 10th time in a row to a record high.

2 months ago·United Kingdom

Read Full Article

Associated Press News

Europe's central bank faces close call on interest rates as threat of recession grows

The European Central Bank is deciding whether to raise interest rates again or not, and analysts are saying it's a close call.

3 months ago·United States

Read Full Article

abc News

Europe's central bank faces close call on interest rates as threat of recession grows

The European Central Bank is deciding whether to raise interest rates again or not, and analysts are saying it's a close call

3 months ago·United States

Read Full Article

CNN

The European Central Bank raises interest rates to 4%

The European Central Bank hiked interest rates by a quarter of a percentage point to 4% Thursday, the highest level since the launch of the euro currency in 1999.

2 months ago·Atlanta, United States

Read Full Article

Independent.ie

ECB announces a 10th rise in move that piles pressure on borrowers

Borrowers are being hit with a 10th interest rate rise by the European Central Bank in a move that is set to suck billions of euro out of household budgets.

2 months ago·Ireland

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year