Eurozone faces highest interest rates in decade – Bloomberg ...News

The European Central Bank reportedly plans another 75 basis-point hike to curb inflation, despite recession fears The European Central Bank (ECB) is set to double its benchmark interest rates on Thursday, Bloomberg has reported, citing the regulator’s drive to tame record inflation in the Eurozone. The ECB will opt for a second straight 75 basis-point hike, economists surveyed by Bloomberg said. The Associated Press predicted the same increase, based on public comments from bank officials. In September, the ECB increased its three key interest rates for the euro area by three-quarters of a percentage point: the in

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