European Central Bank will Continue to Raise Interest Rates in March
On February 15, European Central Bank (ECB) reiterated that the bank plans to raise interest rates by 0.5 percentage points even as the eurozone economic outlook improves.
On February 15, European Central Bank (ECB) reiterated that the bank plans to raise interest rates by 0.5 percentage points even as the eurozone economic outlook improves.
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If the ECB approves a 0.5 percentage point increase in interest rates, it will be the sixth increase since July 2022 with a total increase of 3.5 percentage points.
Interest rates are approaching a point where analysts say that they are limited or high enough to slow consumption and investment, thereby reducing pressure on prices. Interest rate policy decisions will be data-driven and follow a meeting-by-meeting approach after March 2023.
European Central Bank will Continue to Raise Interest Rates in March
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