European Central Bank raises interest rates a quarter point in continuing inflation fight
Headline from UPI
The European Central Bank Thursday raised three key interest rates by 25 basis points in an effort to deal with ongoing high inflation pressures. Eurozone inflation hit 7% in April, reversing five months of declines.
UPI's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The European Central Bank Thursday raised three key interest rates by 25 basis points in an effort to deal with ongoing high inflation pressures. Eurozone inflation hit 7% in April, reversing five months of declines.
The European Central Bank raised interest rates by a quarter of a percentage point Thursday, slowing down the pace of its monetary policy tightening even as it signaled that the fight against inflation was not complete.
By Hanna Ziady, CNN The European Central Bank raised interest rates by a quarter of a percentage point Thursday, the smallest increase since it started hiking in July, after data this week showed core inflation cooling and banks pulling back sharply on lending.
