The full impact of the many interest rate steps is still unclear.
(Photo: dpa)
Frankfurt The European Central Bank (ECB) continues to raise interest rates in the euro area. It increases the key interest rate by a further 25 basis points to 4.5 percent. The currently even more important interest rate that banks receive on their deposits with the ECB is rising from 3.75 to 4.0 percent. The central bank announced this on Thursday afternoon.
From 2:45 p.m., ECB President Christine Lagarde will speak about the new decisions at a press conference. You can follow this on our homepage in the live blog.
The move marks the tenth rate hike in a row. Seldom have markets and experts disagreed as much before an interest rate meeting as they did this week. Many market participants had expected a break in interest rates given the economic slowdown in the euro area.
Read on now
Get access to this and every other article in the
Free online and in our app for 4 weeks.
Further
Read on now
Get access to this and every other article in the
Web and in our app.
Further