The central bankers have made an interest rate decision.
(Photo: dpa)
Frankfurt, Dusseldorf For the eighth time since summer 2022, the European Central Bank has increased key interest rates for the euro area. Unlike the central bankers in the USA, the ECB is thus continuing its monetary policy course. The Federal Reserve decided not to raise interest rates again on Wednesday evening and took an interest rate pause.
The ECB is thus reacting to the persistently high inflation in the euro zone. During the press conference, ECB President Christine Lagarde repeatedly emphasized that the central bankers had not yet come to the end of their path. Furthermore, the goal of their monetary policy is to bring inflation to a level of two percent and to stabilize it there.
“It is very likely that we will raise interest rates further in July,” said the central bank governor. “We’re not thinking about a break.”
The most important questions and answers from the council meeting:
What is changing with interest rates?
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