Frankfurt Christine Lagarde and her colleagues on the ECB’s Governing Council have lived up to the expectations they set for themselves. Interest rates in the eurozone will rise by 0.5 percentage points, as we indicated earlier. The central bank announced this on Thursday in Frankfurt after its latest board meeting.
However, the central bank is no longer committed to further increases. In addition, Lagarde made it clear that the ECB is ready to help banks if needed if they run into liquidity problems. An overview of the most important decisions and reactions.
the decision
The European Central Bank raised interest rates in the eurozone by 50 basis points. The main interest rate is now 3.5 percent. The interest on deposits that banks receive for their deposits in the central bank rises to 3.0%.
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Sylvia Plath writes for Social Post News, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.
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