Europe's central bank backs larger-than-expected rate hike
Headline from WFMZ Allentown
The European Central Bank has raised interest rates for the first time in 11 years by a larger-than-expected amount. It's joining steps already taken by the U.S. Federal Reserve and
WFMZ Allentown's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The European Central Bank has raised interest rates for the first time in 11 years by a larger-than-expected amount. It's joining steps already taken by the U.S. Federal Reserve and
In a bold move to get inflation under control, the European Central Bank on Thursday announced it would raise its key interest rate by a half percentage point.
The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped growth considerations, even while the euro zone economy reels from the impact…
CNN By Julia Horowitz, CNN Business The European Central Bank is about to raise interest rates for the first time in 11 years as it attempts to put a lid on record inflation fed by surging energy prices. What’s happening: The ECB has made clear that it will hike rates at its meeting on Thursday
European Central Bank raised interest rates by half a percent which exceeded expectations and devised a plan to purchase debt of Europe's most vulnerable economies.
ECB President Christine Lagarde has warned there are “growing signs” that suggest “supply shocks hitting the economy could linger for longer"—potentially unleashing even stronger inflation.
The ECB’s first rate increase in 11 years came after officials signaled for weeks that they intended to raise rates by just one-quarter of a percentage point.
CNN By Julia Horowitz, CNN Business In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its key interest rate by a half percentage point. That marks the first time since 2011 that the ECB has raised rates, and takes Europe’s main rate back …
Soaring inflation is prompting the bank to raise interest rates from current historic lows. The move could put a brake on rising prices but might also dampen growth.
The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in the euro zone.
Soaring inflation prompted the bank to raise interest rates by 0.5% from current historic lows. The move could put a brake on rising prices but might also dampen growth.
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