China News Service, October 27th, According to the European Central Bank website, on the evening of the 27th, Beijing time, European Central Bank announced a hike of 275 basis points, which meets market expectations.
Image source: ECB website
It is understood that this is the second consecutive 75 basis points increase in interest rates by 75 basis points. Previously, on September 8, the European Central Bank also announced a 75 basis point rate hike. Since the beginning of this year, the European Central Bank has raised interest rates by 200 basis points.
Specifically, the European Central Bank raised the deposit interest rate to 1.5%, raised the main refinancing rate to 2%, and raised the marginal loan interest rate to 2.25%. Meanwhile, the ECB is expected to raise interest rates further to ensure inflation falls.
In addition, the European Central Bank also pointed out that in September, the inflation rate of euro zone reached 9.9%. In recent months, soaring energy and food prices, supply bottlenecks, and a recovery in demand have led to increased price pressures and intensified inflation in .
Previously, European Central Bank President Lagarde said that in order to curb high inflation, interest rate hikes will continue to be taken. Currently, the market generally expects that the ECB will raise the deposit mechanism interest rate to 2% by the end of this year, which means that the ECB will most likely announce a 50 basis point rate hike in December.
As of press time, the UK FTSE 100 index rose 0.21%, French CAC40 index fell 0.49%, and German DAX index fell 0.15%. ( China News Service APP)
