ECB raises interest rate to 0.5%

2022-07-21T12:33:26.721Z

The European Central Bank (ECB) raised interest rates by 50 basis points to 0.5%. This is stated in the press release of the regulator. "The Governing Council has decided to raise the ECB's three key interest rates by 50 basis points," the statement said. It is specified that the rate on deposits rose to 0%, the rate on short-term loans of the ECB - at the level of 0.75%. Earlier, the US Federal Reserve raised the base interest rate to 1.5-1.75% per annum.

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