
ECB Expected to Announce Another Interest Rate Hike to Combat Inflation
Financial markets anticipate that the European Central Bank will approve another increase in its key interest rates to counter stubbornly high inflation across the eurozone. The move is projected to push mortgage rates and business loan costs closer to 3.5 percent.
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ECB Expected to Raise Interest Rates
The European Central Bank is set to raise borrowing costs for the second time since the start of the Iran war. The deposit rate will be lifted by a quarter-point to 2.5% on Thursday, according to all but one analyst in a Bloomberg poll. Bloomberg's Oliver Crook reports from Berlin. (Source: Bloomberg)
Read full article →ECB expected to increase interest rates
The European Central Bank is widely expected to increase interest rates by a quarter of a percentage point later today, bringing its main rate to 2.5%.
Read full article →European Central Bank readies new interest rate rise, and what it means for mortgages and business loans
Germany's Joachim Nagel says a further quarter-point increase is effectively certain as eurozone inflation holds near 3%, with the rise set to filter through to Euribor and then variable mortgages and business loans within weeks The post European Central Bank readies new interest rate rise, and what it means for mortgages and business loans appeared first on ProtoThema English.
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