Today news
About the same in other media
ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says
Reading now: 515
BERLIN—The European Central Bank could increase interest rates above 3.5% and likely won’t cut them again this year as the bank moves forcefully to bring inflation back to target, a top ECB official said.
The ECB raised its key rate to 2.5% this month, the highest level since 2008, and said it intends to raise rates to 3% next month. The eurozone economy looks set to avoid recession this year and employment grew robustly at the end of last year, while underlying inflation is at a record high. Investors expect the ECB to lift rates to a peak of 3.5% by July, before starting to cut them again later this year or early next year.
Read more on wsj.comAbout this in other media
Rich Dad Poor Dad Author Robert Kiyosaki Says He Buys Bitcoin Because He doesn't "Trust" U.S. Dollar cryptonews.com /1 year ago
Reddit Founder Alexis Ohanian Says Crypto and Bitcoin is 'Here to Stay' – What Does He Know? cryptonews.com /1 year ago
ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says wsj.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
