♪ Listen 0:00 The European Central Bank is widely expected to announce a significant increase in its base rate today, potentially as high as 0.75 percentage points. The decision comes amid concerns that the ongoing energy crisis will negatively impact the euro area economy, but inflation remains persistently elevated. This would be the largest single interest rate hike by the European Central Bank since 1999, when it implemented the initial rate increase for technical reasons. The move reflects the european central bank’s continued efforts to combat high inflation. Topics: #rate #european #central Post navigation PHOTO AND VIDEO ⟩ Protest in Riga against the “destruction of the Russian language” in Latvian schools Fake news calls on Latvians to enlist