 "ecb hikes Benchmark Interest rates To 22 year high Zee busine")
Ecb Hikes Benchmark Interest Rates To 22 Year High Zee Busine The european central bank has hiked the lending rates to the highest levels in the last 22 years. the ecb has increased its lending rate for the eighth conse. The latest move takes the benchmark rate in the euro area to 3.5%, the highest since may 2001. the central bank diverged from the us federal reserve, which opted to pause its historic rate hiking.
Ecb Hikes Lending Rates To A 22 Year High World B The ecb has now increased borrowing costs by a combined 4 percentage points in a year, its fastest pace on record, but a peak is now clearly in sight and the debate is slowly shifting to how long. The european central bank has hiked its key interest rate to a record high. it's pressing forward in its fight against stubbornly high inflation that's been plaguing consumers, even as worries grow that higher borrowing costs could help push the economy into recession. The sun sets next to the european central bank in frankfurt, germany, monday, july 24, 2023. the european central bank is set to raise interest rates again thursday. economists are saying it could be the last hike in a rapid fire series that started a year ago. (ap photo michael probst). The european central bank kept its key interest rate at a record high thursday, dec. 14, 2023, and said it will leave it there as long as needed to battle back inflation, signaling that cuts are not around the corner despite expectations it will act next year to support the shrinking economy. (ap photo michael probst, file) read more. 2 of 2 |.
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