Markets expect interest rate hikes to end – decisions and reactions

ECB President Christine Lagarde

“Inflation is likely to stay too high for too long.”

(Photo: dpa)

Frankfurt Christine Lagarde and her colleagues on the ECB Governing Council lived up to the expectations they had set for themselves. Interest rates in the euro area will rise by 0.5 percentage points, as previously signaled. The central bank announced this on Thursday in Frankfurt after its most recent council 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 necessary if they experience liquidity problems. An overview of the most important decisions and reactions.

The decision

The ECB has raised interest rates in the euro area by 50 basis points. The key interest rate is now 3.5 percent. The deposit interest that banks receive for their deposits at the central bank rises to 3.0 percent.

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Further

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Further

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