The European Central Bank announced: 50 basis points in interest rate hikes!
Author:Science and Technology Finance Time:2022.07.22
The Central Bank of Europe held a monetary policy meeting on the 21st and decided to increase the three major interest rates of the euro zone by 50 basis points to ensure that the meter inflation rate in the euro zone was lower than 2%.This 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.
Source: Xinhua News Agency
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