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.

3 months ago·Frankfurt, Germany

News Articles

More Filters

All

Left

Center

Right

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.

3 months ago·United Kingdom

Read Full Article

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

3 months ago·India

Read Full Article

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.

3 months ago·United Kingdom

Read Full Article

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

3 months ago·London, United Kingdom

Read Full Article

Global News

Inflation woes push Europe’s central bank to 1st interest rate hike in 11 years - National

The European Central Bank hiked interest rates by half a percentage point, 25 basis points more than expected, as it signals inflation needs to be stifled.

3 months ago·Toronto, Canada

Read Full Article