Ecb Doubles Rate To Most In Over A Decade Despite Recession Fear

Ecb Doubles Rate To Most In Over A Decade Despite Recession Fear Central banks. ecb doubles rate to most in over a decade despite recession fear. deposit rate raised to 1.5% from 0.75%, as economists expected. officials also move to address lenders’ excess. The ecb doubled its key interest rate to the highest level in more than a decade and signaled ecb doubles interest rate to most in over a decade despite recession fear just as the.

Ecb Doubles Rate To Most In Over A Decade Despite Recession Fear Mint The european central bank doubled its key interest rate to the highest level in more than a decade, intensifying its broadside against record inflation in the face of a likely recession. Ecb doubles rate to most in over a decade despite recession fear christine lagarde, president of the european central bank (ecb), during a news conference in frankfurt, germany, on thursday, oct. (bloomberg) the european central bank is set to look past intensifying recession fears by lifting its main interest rate to the highest in more than a decade to tackle record euro zone. The ecb’s rate decision is due at 2:15 p.m. in frankfurt, 30 minutes before lagarde holds a news conference. follow tliv’s ecb blog here; interest rates. hawkish members of the ecb’s governing council like germany’s joachim nagel insist rates must continue to rise, despite the looming recession, because inflation is alarmingly fast.