US EditionEuropean 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
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Left
25
Center
30
Right
17
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...
·Netherlands
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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.
·Denmark
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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)
·Italy
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Coverage Details
Total News Sources107
Leaning Left25Leaning Right17Center30Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 35%
C 42%
R 24%
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