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European Central Bank hikes rates to record level as inflation risks outweigh economic gloom
- The European Central Bank 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.
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107 Articles
107 Articles
Monetary policy: The ECB has raised interest rates for the tenth time. It was far from certain that this step was taken, because the economy is clearly cooling...
·Amsterdam, Netherlands (Kingdom of the)
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Interest rates on home loans risk rising in Denmark after the European Central Bank (ECB) on Thursday raised its guidance rate to 4 percent.
·Borås, Sweden
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The deposit rate at 4%, the rate on marginal loans at 4.75%. The Board of Directors: 'The rates are now at a level that ensures the objective if maintained long enough' (ANSA)
·Rome, Italy
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Coverage Details
Total News Sources107
Leaning Left35Leaning Right15Center32Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 39%
R 18%
Factuality
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