ECB Expected to Increase Interest Rates
7 Articles
7 Articles
The European Central Bank (ECB) announced its new key interest rate decision at its Foreign Council meeting in Berlin on Thursday (14.15 a.m.) and expects the ECB to raise its interest rates again in order to mitigate inflation fuelled by rising energy prices. ECB President Christine Lagarde explained the decision at a press conference (14.45 a.m.).At its previous meeting in July, the ECB had left the deposit rate at the current level of 2.25% a…
The ECB began raising key interest rates in June.
The main policy rate, on deposits, should be raised by a quarter point, to 2.5%, following a monetary policy meeting relocated to Berlin, according to the expectations of analysts. After a first rise in June, the ECB remains confronted with an inflationary surge fuelled by an increase in oil prices, a consequence of the hostilities between the United States and Iran, as well as the anti-Houthis rebels of Yemen, supported by Tehran, to Saudi Arab…
Discover more articles in search results Add ot.gr to Google The expected increase in interest rates by the European Central Bank (ECB) on Thursday by 25 basis points is swelling the bill for the Greek economy and comes at a time when energy prices are rising, inflation has returned to 3.7% and the cost of money …
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