The GuardianThe Guardian

ECB raises interest rates by quarter of a point to tame inflation

By Anna Isaac

15 Jun 2023 · 2 min read

informed Summary

  1. The European Central Bank (ECB) has raised eurozone interest rates by a quarter-percentage point to combat inflation.

The European Central Bank has raised eurozone interest rates by a quarter-percentage point as it seeks to tame inflation.

It marks the eighth successive rate rise for the bank, underlining a struggle across many developed economies to cool price rises amid juddering economic growth.

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