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ECB raises interest rates: 'Inflation outlook too high, for too long'

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The European Central Bank has increased its benchmark interest rate by a quarter of a percentage point in efforts to bring down persistent inflation.
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The ECB president, Christine Lagarde, said: 'The inflation outlook continues to be too high for too long.' She added: 'In light of the ongoing high inflation pressures, the governing council today decided to raise the three key ECB interest rates by 25 basis points.'

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#ECB #inflation #costofliving #interestrates
Category
News and politics
Tags
Christine Lagarde, benchmark interest rates, business

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