Published 2 years ago

European Central Bank raises rates by 50 basis points, its first hike in 11 years

Summary by Ground News

ECB raises interest rates for the first time in 11 years by a larger-than-expected amount. The move raises new questions about whether the rush to make credit more expensive will plunge major economies into recession. Rising interest rates follow the end of the bank's 1.7 trillion euro stimulus program.

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BBC News

Eurozone raises interest rates for first time in 11 years

The European Central Bank has raised rates as it tries to tackle soaring eurozone inflation.

2 years ago·United Kingdom

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News18 India

European Central Bank Announces Interest Rate Hikes; First Increase in 11 Years

ECB raised its benchmark deposit rate by 50 basis points to zero per cent

2 years ago·India

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The Guardian

European Central Bank raises interest rates for first time in 11 years

Bank surprises markets with 0.5 percentage point rise as inflation reaches 8.6% in eurozone

2 years ago·London, United Kingdom

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Reuters

ECB hikes rates, throws lifeline to indebted countries

The ECB raised its benchmark deposit rate by 50 basis points to zero percent. It was the ECB's first rate increase in 11 years.

2 years ago·United Kingdom

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Daily Express

ECB hikes interest rates for first time in 11 years as bloc faces looming Eurozone crisis

THE EUROPEAN CENTRAL BANK (ECB) has hiked its interest rates for the first time in 11 years as the EU continues to battle the Eurozone crisis.

2 years ago·United Kingdom

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Associated Press News

Europe's central bank backs larger-than-expected rate hike

FRANKFURT, Germany (AP) — The European Central Bank raised interest rates Thursday for the first time in 11 years by a larger-than-expected amount, joining steps already taken by the U.S.

2 years ago·United States

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