♪ Listen 0:00 The European Central Bank is widely anticipated to raise its base interest rate by as much as 0.75 percentage points today, a move that would be a historic increase. Despite concerns about the ongoing energy crisis and its potential impact on the eurozone economy, inflation remains persistently high, prompting the central bank to consider a significant adjustment. The ECB last implemented such a substantial rate increase in 1999, following the introduction of the euro. The Bank of Estonia expects at least a discussion will take place about a 0.75 percentage point increase. Topics: #bank #european #central Post navigation IGOR TARO UNION OF THE RUSSIAN PRESS ⟩ The allies are doing more than providing information to the public Stress before COVID-19 infection increases the risk of long-term COVID
What factors are driving the ECB’s decision to potentially raise interest rates so significantly? Reply