ECB raises interest rates to 3.5 percent
The European Central Bank raised its benchmark interest rate by 0.25 percent to 3.5 percent on Thursday. At 3.5 percent, the ECB's deposit rate is now at its highest level in 22 ye
Alina Hashmi
15 Jun 2023·3 years ago
1 min read
The European Central Bank raised its benchmark interest rate by 0.25 percent to 3.5 percent on Thursday. At 3.5 percent, the ECB's deposit rate is now at its highest level in 22 years. "Inflation has been coming down but is projected to remain too high for too long," ECB president Christine Lagarde said.
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Alina Hashmi
JournalistStaff correspondent covering Business and national affairs for Pakistan Times Today.
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