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"The three main interest rates of the ECB will increase by 75 basis points as per the Governing Council's decision.
As a result, starting on September 14, 2022, the interest rates for the key refinancing operations and the marginal lending and deposit facilities will be hiked to 1.25 percent, 1.2 percent, and 0.7 percent, respectively," the regulator said in a message.
In order to reduce demand and prevent the risk of sustained increases in inflation expectations, the Governing Council intends to raise interest rates even more in the upcoming meetings, according to its present assessment.
source: ecb.europa.eu
As a result, starting on September 14, 2022, the interest rates for the key refinancing operations and the marginal lending and deposit facilities will be hiked to 1.25 percent, 1.2 percent, and 0.7 percent, respectively," the regulator said in a message.
In order to reduce demand and prevent the risk of sustained increases in inflation expectations, the Governing Council intends to raise interest rates even more in the upcoming meetings, according to its present assessment.
source: ecb.europa.eu
