European Central Bank announces interest rate hike by 25 basis points in line with expectations

[European Central Bank announces interest rate increase by 25 basis points in line with expectations] on June 15, the European Central Bank announced an interest rate resolution, raising the three key interest rates by 25 basis points, in line with market expectations. interest rates reached their highest level before the emergency rate cut in October 2008. The deposit rate was raised to 3.50%, the previous value was 3.25%, the main refinancing rate was raised to 4%, the previous value was 3.75%, and the marginal lending rate was raised to 4.25%, with a previous value of 4%. The European Central Bank began the process of raising interest rates in July 2022. So far, it has raised interest rates eight times in a row, totaling 400 basis points.