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The ECB raises rates by half a point to 3.5%

2023-03-16T13:37:16.796Z


The ECB has decided to raise interest rates by half a percentage point, bringing the rate on main refinancing to 3.50%, that on deposits to 3%, and that on marginal loans to 3.75%. (HANDLE)


(ANSA) - ROME, MARCH 16 - The ECB has decided to raise interest rates by half a percentage point, bringing the rate on main refinancing to 3.50%, that on deposits to 3%, and that on marginal loans to 3%. 75%.

This was communicated by the Istitutocentrale which did not include any reference to the next steps in the press release on today's decision on the rate hike.

"The Governing Council of the ECB is closely following the ongoing tensions on the markets and is ready to intervene if necessary to preserve price stability and financial stability in the euro area", the note also reads.


   (HANDLE).


Source: ansa

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