European Central Bank Raises Interest Rates Across The Eurozone To Tackle Inflation

 

The Guardian: ECB raises interest rates across eurozone by record margin 

European Central Bank sets aside recession fears to increase rates by 0.75 of a percentage point to 1.25% 

The European Central Bank has raised interest rates across the eurozone by a record margin to combat soaring inflation that has reached double figures in some of the currency bloc’s 19 member countries. 

Setting aside concerns that higher rates would add to the current squeeze on consumers’ disposable incomes and increase the depth of a looming recession, the central bank’s 25-member governing council raised its key benchmarks by an unprecedented 0.75 of a percentage point to 1.25%.  

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WNU Editor: Too little too late. Expect more rate increases in the future .... ECB promises more rate hikes after unprecedented increase (Reuters). 

European Central Bank Raises Interest Rates Across The Eurozone To Tackle Inflation  

Eurozone interest rates in record rise to fight inflation -- BBC  

European Central Bank raises rates by 75 basis points to tackle soaring inflation -- CNBC  

European Central Bank sets record rate hike to fight energy price shock -- CNN

ECB raises interest rates by record 0.75%, signals more to come -- RTE