Today news
About the same in other media
ECB Defies Mounting Banking Strains With Half-Point Rate Rise
Reading now: 568
FRANKFURT—The European Central Bank raised interest rates by a half-percentage point while promising emergency support for eurozone banks if needed, showing the policy makers’ balancing act as they seek to combat high inflation without aggravating strains in the financial system.
The ECB said in a statement that it would increase its key rate to 3%, following consecutive half-point rate increases in February and December. The 50 basis-point rise surprised analysts who had expected a smaller uptick given the tense market situation after the collapse of Silicon Valley Bank.
Read more on wsj.comAbout this in other media
Banking Strains, Inflation Threaten Global Economic Rebound wsj.com /1 year ago
Banking Strains, Inflation Threaten Global Economic Rebound wsj.com /1 year ago
Banking Strains, Inflation Threaten Global Economic Rebound 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.
