ECB raises rates for first time since 2023
From June 17, the deposit facility rate rises to 2.25 per cent, the main refinancing rate to 2.40 per cent and the marginal lending rate to 2.65 per cent.
Popular articles tagged "inflation"
From June 17, the deposit facility rate rises to 2.25 per cent, the main refinancing rate to 2.40 per cent and the marginal lending rate to 2.65 per cent.
In a statement on Thursday, Norges Bank governor Ida Wolden Bache said: "Inflation is too high and has run above target for several years."
Inflation in France remains strikingly low compared with the rest of Europe, according to official data released January 6.
The Austrian government said it will introduce measures to curb so-called "shrinkflation".
Eurozone inflation has hit 2.4 per cent on an annual basis in its third straight increase.
With inflation stubbornly sitting above the target set by the European Central Bank (ECB), there seems to be no end in sight for the cost-of-living crisis.
Profiteering pasta producers and war in Ukraine blamed for price spikes impacting Italian appetites