2023-06-15 11:10:00
Expectations of a new increase during the current year
The European Central Bank is preparing to approve an interest rate hike for the penultimate time in its unprecedented campaign of monetary tightening to combat inflation.
Economists and markets are overwhelmingly expecting the deposit rate to be raised today by a quarter of 0.25% to 3.5%.
There is also a consensus among analysts and investors on a final increase in next July, which will raise the interest rate to 3.75%, to remain at this level for almost a year.
These increases, if expected, will translate into a rate hike by the European Central Bank of 425 basis points since last July.
1686831670
#European #Central #continues #fight #inflation #raising #interest #rates