2023-06-15 12:15:45
The European Central Bank (ECB) raised interest rates by a quarter of a percentage point on Thursday. The key interest rate will therefore be four percent in the future, and financial institutions will then receive 3.5 percent interest on deposits with the central bank. This is the eighth interest rate hike in a row since the ECB ended the zero interest rate phase in the euro zone last July following six years. The currency guardians around central bank chief Christine Lagarde are thus trying to curb the inflation that has gotten out of hand.
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