The European Central Bank (ECB) has decided to raise its interest rates for the tenth consecutive time, by a quarter of a percentage point, to place the price of money at 4.5%, with the aim of bringing down inflation in the euro area. euro and achieve its 2% target, despite the fact that this rise may slow down the EU’s economic growth.
It has also increased by 25 basis points the credit facility, for which it lends to banks overnight, to 4.75%, and the deposit facility, for which it remunerates excess overnight reserves, up to 4.75%. 4%.
(news in extension)