frankfurt-sana
The European Central Bank announced today that it will raise interest rates to combat inflation by 50 basis points, during the coming months of February and March, indicating that it will continue to raise rates in the following months.
Reuters quoted Claes Knut, a member of the European Central Bank’s Governing Council, as saying today, in an interview with the Dutch station (WNL), that the bank is scheduled to raise interest rates by 0.5 percent, equivalent to 50 basis points, in the coming months of February and March, adding: “ Expect that we will not be satisfied with that, and that we will take more steps in May and June.”
Knut pointed out that it is too early to predict whether the European Central Bank should slow down the pace of raising interest rates by the summer, noting that “at some point the risks related to inflation expectations will become more balanced, and there will come a time when another step can be taken to reduce the pace from 50 to 25.” A basis point for example, but we are still far from that.”
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