Home > European Central Bank hikes interest rates by record 75 basis points

Business
European Central Bank hikes interest rates by record 75 basis points

Description

European Central Bank President, Christine Lagarde, announces the ECB is lifting its key rates of interest by 75 basis points, leaving them sitting in a range of between 0.75 and 1.5 percent. It came after the bank hiked rates by 50 basis points in July, its first increase in more than a decade, in order to tame record eurozone inflation. These levels "will ensure the timely return of inflation to our 2% medium term target" she says, during a press conference in Frankfurt. SOUNDBITE

Added on the 08/09/2022 15:41:23 - Copyright : AFPTV - First images

To customise your video :

Generic export code

More videos on the subject

European Central Bank announces new super hike of interest rates to tame inflation

The eurozone's central bank intends to make spending more expensive in order to bring down prices.

27/10/2022 - Euronews EN
Fed again raises US interest rate 75 basis points to fight inflation: Powell

Federal Reserve Chair Jerome Powell announces a raise of the benchmark interest rate by three-quarters of a percentage point, adding that the Fed expects ongoing rate increases "will be appropriate." It is the second straight 75 basis point increase, and the fourth rate hike this year. SOUNDBITE

27/07/2022 - AFPTV - First images
Fed hikes US interest rate 0.75 points

The Federal Reserve announces the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points as it battles against surging inflation. SOUNDBITE

15/06/2022 - AFPTV - First images
European Central Bank keeps interest rates unchanged

ECB

03/04/2014 - Euronews EN
European Central Bank increases interest rate by 0.5% despite turmoil in the banking sector

European Central Bank increases interest rate by 0.5% despite turmoil in the banking sector and financial markets.

16/03/2023 - Euronews EN