The central bank is raising interest rates for the second time this year.
(Photo: dpa)
Frankfurt The European Central Bank (ECB) continues to raise interest rates in the euro area. It raises the key interest rate by 0.75 percentage points to 1.25 percent. The currently even more important interest rate that banks receive for their deposits at the ECB has risen from zero to 0.75 percent. The central bank announced this on Thursday afternoon.
This is the largest hike in ECB history, barring a technical adjustment in the weeks just after monetary union began.
The rate hike is therefore as expected. The markets had increasingly priced this in over the past few weeks.
>> Live now: President Lagarde explains the decisions of the ECB
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