ECB raises rates by 25 basis points, signals 'not pausing'
Financial Express Mumbai|May 05, 2023
THE EUROPEAN CENTRAL Bank raised interest rates by 25 basis points to 3.25% as expected on Thursday and signalled that more tightening would be needed to tame inflation.
BALAZS KORANYI & FRANCESCO CANEPA
ECB raises rates by 25 basis points, signals 'not pausing'

The central bank for the 20 countries that share the euro has lifted rates by a combined 375 basis points since last July, its fastest pace of tightening. But it made clear that further action was likely given mounting wage and price pressures.

"We are not pausing - that is very clear," ECB President Christine Lagarde told a press conference."We know that we have more ground to cover."

هذه القصة مأخوذة من طبعة May 05, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 05, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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