The Guardian: ECB raises interest rates across eurozone by record margin
European Central Bank sets aside recession fears to increase rates by 0.75 of a percentage point to 1.25%
The European Central Bank has raised interest rates across the eurozone by a record margin to combat soaring inflation that has reached double figures in some of the currency bloc’s 19 member countries.
Setting aside concerns that higher rates would add to the current squeeze on consumers’ disposable incomes and increase the depth of a looming recession, the central bank’s 25-member governing council raised its key benchmarks by an unprecedented 0.75 of a percentage point to 1.25%.
Read more ....
WNU Editor: Too little too late. Expect more rate increases in the future .... ECB promises more rate hikes after unprecedented increase (Reuters).
European Central Bank Raises Interest Rates Across The Eurozone To Tackle Inflation
Eurozone interest rates in record rise to fight inflation -- BBC
European Central Bank raises rates by 75 basis points to tackle soaring inflation -- CNBC
European Central Bank sets record rate hike to fight energy price shock -- CNN
ECB raises interest rates by record 0.75%, signals more to come -- RTE
0 Response to "European Central Bank Raises Interest Rates Across The Eurozone To Tackle Inflation"
Post a Comment