ECB raises base rate to 3.5%
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The Board of Governors of the European Central Bank (ECB) has decided to raise the base interest rate by 50 basis points. up to 3.5%. About it reported on the regulator’s website.
It is specified that 50 b. also increased rates on deposits and on margin loans of the ECB, up to 3.75% and up to 3% respectively. Rates will be increased from March 22.
This is the third 50 bp increase. n. in a row. Prior to that, in October and November, the regulator raised rates by 75 basis points at once. P.
March 2, it became known that inflation in the eurozone slowed down up 8.5% after 8.6% in January and 9.2% in December 2022. Prices rose the most in Latvia (20.1%), Estonia (17.8%) and Lithuania (17.2%) . The lowest inflation rates were recorded in Luxembourg (4.8%), Belgium (5.5%) and Spain (6.1%).
As Vedomosti previously wrote, in the ECB Governing Council called The most desirable for Europe is the achievement of the maximum rate by September of this year. This will allow the pan-European regulator to reach the inflation target of 2% by 2024-2025, said François Villeroy de Galo, board member and chairman of the Bank of France.
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