Eurozone interest rates hit record high ...News

Russia Today - Economy
Eurozone interest rates hit record high
source : Russia Today ( News ) () 30
The tenth hike in row comes amid expectations of higher consumer prices through the rest of the year and beyond The European Central Bank (ECB) has announced a tenth consecutive hike in its key interest rate, potentially marking the final step in a series of efforts aimed at bringing inflation back to target. EU policymakers raised rates by another quarter percentage point on Thursday, taking the closely watched benchmark to 4%, the highest level since the introduction of the euro in 1999. The rate stood at a record low of minus 0.5% just 14 months ago, meaning that banks from across the Eurozone had to pay to par

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