2023-09-17 12:01:21
Published on Sep 17, 2023 at 2:01 p.m.
The European Central Bank (ECB) has chosen. It continues to favor the fight once morest inflation over economic support. Indeed, its board of governors, meeting on Thursday September 14, decided to once once more raise its key rates by 25 basis points, to respectively 4% for the deposit facility, 4.5% for the refi and 4.75 % for marginal lending facility. In ten meetings (since July 2022), the central bank has tightened monetary conditions by 450 basis points, bringing them to a historic level.
Germany in recession
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