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ECB Raises Rates By 75 Bps As Expected, Signals More Hikes

Por: RTTNews Business October 27, 2022

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The European Central Bank raised its key interest rates by 75 basis points on Thursday, in line with expectations, and signaled that policymakers look forward to hike rates more in the months ahead as inflation is expected to stay high for an extended period.The Governing Council, led by ECB President Christine Lagarde, raised the main refinancing rate to 2.00 percent from 1.25 percent. The deposit facility rate was hiked to 1.50 percent from... + full article



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