ECB surprises markets with half-point rate hike

Published date21 July 2022
Publication titleLETA

FRANKFURT, July 21 (LETA--AFP) - The European Central Bank lifted its key interest rates by a surprise 50 basis points on Thursday, its first hike since 2011 and more than expected as the eurozone grapples with rampant inflation and a looming energy crisis.

The hike lifts the ECB's deposit facility out of negative territory for the first time in eight years, to zero...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT