Published 1 year ago

European Central Bank raises rates by 50 basis points, pledges further hike in March

Summary by CNBC

The European Central Bank on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%.

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Reuters

ECB raises rates, signals at least one more hike

ECB raised interest rates by 0.5% and explicitly signalled at least one more hike of the same magnitude next month.

1 year ago·United Kingdom

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Associated Press News

European Central Bank pushes through large half-point interest rate hike to combat inflation, intends the same in March

European Central Bank pushes through large half-point interest rate hike to combat inflation, intends the same in March.

1 year ago·United States

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abc News

European Central Bank pushes through large half-point interest rate hike to combat inflation, intends the same in March

1 year ago·United States

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CNN

ECB and Bank of England hike interest rates again in fight with inflation

Europe's two largest central banks raised interest rates sharply on Thursday, opting for a bigger rise than the US Federal Reserve as inflation in the region remains near historically high levels.

1 year ago·Atlanta, United States

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The Washington Post

European Central Bank outpaces US Fed with half-point hike

The European Central Bank has gone big again, with another half-point interest rate increase

1 year ago

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KRDO

European Central Bank outpaces US Fed with half-point hike

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has gone big again, with another half-point interest rate increase. The bank on Thursday also vowed a similar hike in March. It’s aggressively raising rates to fight inflation that has slowed but is still way too high at 8.5% annually. The higher benchmarks raise the costs of credit across the economy, which should help bring down demand for goods that pushes …

1 year ago·Colorado Springs, United States

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