The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding […]
Monetary policy decisions: ECB keeps interest rates unchanged at 4.5%.
The Governing Council of the European Central Bank decided to keep the three key ECB interest rates unchanged. The incoming information has broadly confirmed the Governing Council’s previous assessment of the medium-term inflation outlook. Inflation has continued to fall, led by lower food and goods price inflation. Most measures of underlying inflation are easing, wage […]
ECB raises interest rates by 0.25 percentage points to curb inflation
Inflation continues to decline but is still expected to remain too high for too long. The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. It therefore today decided to raise the three key ECB interest rates by 25 basis points. The rate increase today reflects […]
The European Central Bank raises interest rates to 3%
The Governing Council will stay the course in raising interest rates significantly at a steady pace and in keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target. Accordingly, the Governing Council decided to raise the three key ECB interest rates by 50 basis points […]
ECB raises interest rates for first time in eleven years
The ECB Governing Council has raised interest rates for the first time in eleven years, and is likely to raise them again in the coming months. Why have interest rates increased? The ECB is the central bank of the euro and has a mandate to keep prices stable. When prices in our economy are rising […]