European Central Bank Raises Key Interest Rate by Quarter Point

Breaking: The European Central Bank raised its key interest rate by a quarter percentage point, taking it to a near-15-year high

FRANKFURT—The European Central Bank increased its key rate by a quarter percentage point, shifting to less aggressive monetary policy tightening amid signs that the

bank’s monthslong campaignThe decision to move more slowly in raising borrowing costs despite persistently high inflation comes after the Federal Reservea WSJ subscription

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European markets set to lose steam ahead of European Central Bank rate decisionEuropean markets are heading for a negative open Thursday as investors look ahead to the European Central Bank's latest monetary policy decision.
Read more »

European Central Bank set to slow rate hikes as financial conditions tighten rapidlyThe new economic figures both strengthen the case for the ECB to only hike rates by a smaller amount at is policy meeting.
Read more »

When is the European Central Bank (ECB) rate decision and how could it affect EUR/USD?When is the European Central Bank (ECB) rate decision and how could it affect EUR/USD? – by hareshmenghani ECB InterestRate EURUSD Majors Currencies
Read more »

ECB lifts rates by 25 basis points, says inflation outlook remains 'too high for too long'ECB lifts rates by 25 basis points, says inflation outlook remains ‘too high for too long’
Read more »

Column: Pandemic-sized euro surge now a boon for ECBThe surging euro may be the European Central Bank's best friend for a change.
Read more »

ECB set to continue rate-hike campaign on ThursdayThe European Central Bank is not about to stop hiking interest rates now
Read more »