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European Central Bank policymakers looked set to deliver another interest rate increase on Thursday as their fight against eurozone inflation reaches the one-year mark with consumer prices still rising fast.
The ECB last increased its interest rates on 15 June by 0.25%.
FRANKFURT: The European Central Bank on Thursday (Jul 27) raised borrowing costs a quarter percentage point, taking a key rate to its highest level since early 2001 as its battle against surging inflation reached the one-year mark. The central bank's ninth straight increase took the closely-watched deposit
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FRANKFURT (AFP) – European Central Bank (ECB) policymakers look set to deliver another interest rate increase as their fight against eurozone inflation reaches the one-year mark with consumer prices still rising fast. The ECB began lifting borrowing costs in July last year to combat soaring prices, kicking off the most aggressive hiking cycle in the […]