European Central Bank will raise interest rates in July for first time in 11 years
Thursday, June 9, 2022 | Tag Cloud Tags: ECB, EU, Euro, interest, WorthyNews | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The European Central Bank will raise interest rates in July for the first time in 11 years, followed by another hike in September.
The move will see it follow other central banks in the shift from supporting pandemic economies to fighting rapidly-rising inflation.
The Bank of England has approved four rate increases since December and the US Federal Reserve raised its rate by a half-point in May. [ Source: Sky News (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.