ECB Lifts Rates for Second Time This Year
8 Articles
8 Articles
(London=Yonhap News) Correspondent Kim Ji-yeon = The European Central Bank (ECB) lowered its three major policy interest rates to 0.25% on the 10th (local time) in response to rising prices, including energy prices...
<p style="margin-bottom:11px">Shrikesh Laxmidas, deputy director of the Eco newspaper, analyses the impact of the second increase in the European Central Bank's interest rates.</p>
The European Central Bank raised interest rates in the eurozone by a quarter of a percentage point on Thursday, after a mid-summer pause, with the assessment that inflation should remain above the target of two percent for a longer period due to rising energy prices.
According to expert forecasts, general inflation is expected to average 3.0% in 2026, 2.5% in 2027 and 2.1% in 2028.
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