The ECB raises the key interest rate in the euro area by a further 50 basis points to 3.0 percent

Frankfurt The European Central Bank (ECB) is raising interest rates again. Even more important: On Thursday, the head of the central bank, Christine Lagarde, signaled another hike of half a percentage point for March.

She emphasized that the price pressure remains strong. At the same time, however, she said that the inflation risks were more balanced compared to the situation in December.

The decisions of the ECB

The key interest rate rises from 2.5 to 3.0 percent and the currently even more important interest rate that banks get for their deposits at the ECB to 2.5 percent. This was announced by the ECB on Thursday afternoon.

This was expected in advance. On the other hand, the relatively clear commitment to a further increase of the same amount in March came as a bit of a surprise. The central bank’s statement read: “The ECB Governing Council intends to raise interest rates by a further 50 basis points at its next monetary policy meeting in March [also einen halben Prozentpunkt] to raise. ”Then one will evaluate the further course of monetary policy.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

source site-12