ECB raises interest rates again by 0.50 point
Over time, keeping interest rates at restrictive levels will reduce inflation. stock.adobe.com
The Governing Council announced on Thursday that it will raise its rates “again” by the same amount in March to fight inflation.
The European Central Bank (ECB) on Thursday raised its main interest rates by 0.50 percentage point, as at its previous meeting in December, and “will raise them again” by the same amount in March to fight inflation, said she said in a statement after her monetary policy meeting.
ECB interest rates are now in a range between 2.5% and 3.25%, the highest since November 2008. The institution intends to increase interest rates “significantly at a steady pace” , but intends to “evaluate” the follow-up to be given to this policy in March, added the ECB.
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