European Central Bank Hikes Rates From 3 5 To 3 75 World Business Watch

european central bank hikes rates from 3 5 to 3 7
european central bank hikes rates from 3 5 to 3 7

European Central Bank Hikes Rates From 3 5 To 3 7 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 ecb hiked the benchmark rate in the euro area to 3.75%, which matches the highest rate since the launch of the euro currency in 1999. borrowing costs were previously jacked up this high only.

european central bank hikes rates from 3 5 to 3 7
european central bank hikes rates from 3 5 to 3 7

European Central Bank Hikes Rates From 3 5 To 3 7 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. The last time the bank raised the interest rate to 3.75 per cent was in october 2000 before they brought it down to 3.50 per cent in may 2001 before the currency was even in circulation. the rate. 1 of 2 | . file president of european central bank christine lagarde attends a press conference in frankfurt, germany, june 6, 2024. home buyers and businesses waiting for lower interest rates in europe are going to have to wait a little longer as the ecb takes its time to make sure stubborn inflation is firmly under control before lowering its benchmark rate again. 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.

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