2023-06-15 12:56:30
The European Central Bank (ECB) raised its main interest rates by 0.25 percentage points on Thursday, an eighth increase in a row, as part of its monetary tightening policy to combat inflation in the euro zone.
“Inflation is slowing, but is expected to remain too high for too long,” she said in a statement. The deposit rate, which is the benchmark, reached 3.50%, its highest level since May 2001. The refinancing rate is now at 4.0% and the marginal lending facility rate at 4.25%.
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