Eurozone interest rates set to rise for first time in 11 years

Summary by Ground News

ECB to raise interest rates by a quarter of a percentage point in July. Further hikes planned for later in the year. Bank also intends to end its bond-buying stimulus programme on 1 July. ECB's main policy interest rate is currently at -0.50% and could be back at zero by September.

4 months ago

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BBC News

Eurozone interest rates set to rise for first time in 11 years

The European Central Bank will increase rates in July as it tries to control soaring inflation.

4 months ago·United Kingdom

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New York Times

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연합뉴스

[Part 2] ECB “Raise interest rate in July”... for the first time in 11 years

(Berlin=Yonhap News) Interest Rate Correspondent = The European Central Bank (ECB) raised the interest rate by 0.25% points (P) in July on the 9th (local time), and raised it again in September...

4 months ago

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Dutch News

ECB raises interest rates for the first time in 11 years - DutchNews.nl

At a meeting in Amsterdam, the European Central Bank has announced that it will raise interest rates by 0.25% in July. The euro zone interest rate will still remain negative, at -0.25%, but the ECB will end its long-running asset buying programme, in an attempt to reverse spiralling interest rates. ‘High inflation is a mayor challenge for all of us,’ the bank announced. ‘The governing council will make sure that inflation returns to its 2% targe…

4 months ago·Amsterdam, Netherlands

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Het Belang van Limburg

ECB raises interest rates for first time in ten years and adds quarter

For the first time in more than ten years, the European Central Bank is going to raise interest rates. The ECB will increase short-term interest rates by 0.25 percent on 21 July. On July 1, the bank will stop buying bonds. She hopes to curb inflation.

4 months ago

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In the fight against screeching inflation, ECB raises interest rates for the first time in 11 years

The European Central Bank (ECB) will increase its interest rates next month. In doing so, the financial regulator hopes to be able to curb the high inflation of recent times. The bank was under heavy pressure to do something about prices for goods and services, which have been booming for more than six months.

4 months ago·Netherlands

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