The ECB raised its base interest rate by 50 basis points. P.
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The European Central Bank (ECB) has decided to raise three key interest rates by 50 basis points. message on the regulator’s website.
“Today the Board of Governors decided to raise the ECB’s three key interest rates by 50 bp. and, based on a significant upward revision of the inflation forecast, expects further increases,” the report says.
As a result, the base interest rate on loans was increased to 2.5%, the rate on deposits – up to 2%, on margin loans – up to 2.75%.
The ECB reiterated that it will continue to raise rates to bring inflation back to the 2% target by curbing demand.
This is the fourth increase in a row, earlier in October and November the regulator raised rates by 75 basis points at once. P.
Annual inflation in the euro area in November, according to preliminary estimates, slowed down to 10% after a record 10.7% in October, Eurostat reported on 30 November. This was the first slowdown in price growth since June 2021. In Germany, Europe’s largest economy, annual inflation slowed to 11.3 from 11.6% last month. The highest inflation rates remain in Lithuania, Latvia and Estonia – above 21%.
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