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Economic news

ECB raises rates to fight inflation

12/15/2022

Less than a minute

2022.12.15 08:28

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ECB raises interest rates by 50 basis points

ECB raises rates to fight inflation

Budrigannews.com – As anticipated, the European Central Bank raised interest rates by 50 basis points on Thursday and indicated that it would increase them further.

The borrowing costs for the ECB’s main refinancing operations and marginal lending facility increased to 2.50 percent and 2.75 percent, respectively, while the ECB’s deposit rate now stands at 2%.

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