Europe’s central bank hikes key interest rate to record high even as recession threat grows
Headline from Courthouse News Service
The bank signaled that its 10th straight hike could be its last, shifting its emphasis from raising rates to keeping them high enough for long enough to beat down inflation.
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The European Central Bank raised interest rates by a quarter of a percentage point to 4% Thursday and hinted it was done with its protracted campaign of rate hikes to tame stubborn inflation.
The bank signaled that its 10th straight hike could be its last, shifting its emphasis from raising rates to keeping them high enough for long enough to beat down inflation.
The European Central Bank voted Thursday to raise key interest rates by a quarter percentage point as inflation was weakening but maintaining a stubborn grip over the Eurozone economy.
Issuing its 10th-straight interest rate hike, the European Central Bank raised its main rate to 4%, an all-time high for the institution as inflation is expected to increase to 5.6% in 2023
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Europe’s central bank hikes key interest rate to record high even as recession threat grows | Since Then
