Eurozone may see first rate hike in 11 years ...News

Russia Today - Economy
Eurozone may see first rate hike in 11 years
source : Russia Today ( News ) () 14
Policymakers are considering a larger move in an effort to quell inflation The European Central Bank (ECB) is expected to raise interest rates for the first time in 11 years on Thursday, with media reports suggesting the hike could be larger than previously expected. The regulator has for some time now been signaling a 25 basis-point increase in July and another, larger one, in September, but Reuters reported earlier this week that a 50 basis-point hike is also being discussed. According to Reuters’ sources party to the discussions, the ECB board will decide on the size of the hike at its meeting on Thursday. The

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