Update on ECB hike of base interests

For the first time in 11 years, in July ’22, the European Central Bank (ECB) Governing Council raised rates by 0.50%. Later on, in September ’22, ECB raised rates again, by 0.75%, the largest hike ever, since its establishment.

You may find very interesting information as to the reasons leading to rate hikes, the ECB role, as well as how base interest rates affect inflation levels on the Central Bank’s website.

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