Economy
European Central Bank raises interest rates by 0.25% to further tackle inflation
Officials on Thursday raised the deposit rate by a quarter-point to 3.25 per cent, following three moves of double that size
The European Central Bank delivered the smallest interest-rate increase yet in its battle with persistently strong inflation, but hinted that there’s likely to be more to come.
Officials on Thursday raised the deposit rate by a quarter-point to 3.25 per cent, following three moves of double that size. The decision matches the expectations of traders and most economists, leaving the rate at its highest level since 2008.
“The Governing Council’s future decisions will ensure that ...
