Home > ECB President announces a fresh hike in interest rates to combat eurozone inflation

ECB President announces a fresh hike in interest rates to combat eurozone inflation


The European Central Bank unleashes another jumbo interest rate hike on the eurozone in an effort to combat record-high inflation, which has soared towards 10 per cent, and bring rising prices under control. The decision has been made despite concerns mounting over a darkening economic outlook. "With this third major policy rate increase in a row" says Christine Lagarde, ECB President, "we have made substantial progress in withdrawing monetary policy accommodation." SOUNDBITE

Added on the 27/10/2022 15:17:01 - Copyright : AFPTV - First images

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