The European Central Bank announced that 50 basis points raised interest rates

Author:Xinhuanet Time:2022.07.21

Xinhua News Agency, Frankfurt, July 21 (Reporter Shan Weiyi) The Central Bank of China held a monetary policy meeting on the 21st to decide to increase the three major key interest rates of the euro zone 50 basis points to ensureEssenceThis is the first time the European Central Bank has raised interest rates since 2011.

The European Central Bank issued an announcement on the same day that starting from the 27th of this month, the main reconstruction interest rates, marginal loan interest rates and deposit mechanism interest rates were raised to 0.5%, 0.75%and zero, respectively.

The 50 basis points in the interest rate hike higher than market expectations.Earlier, the European Central Bank announced on June 9 that it plans to raise interest rates in July 25 basis points.After the interest rate hike, the interest rate of the euro area deposit mechanism ended for the first time since June 2014.

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