Trademagazin > News and articles > Market News > The ECB raised the benchmark euro interest rate by 50 basis points
The ECB raised the benchmark euro interest rate by 50 basis points
The Governing Council of the European Central Bank (ECB) decided on Thursday to raise all three key interest rates by 50 basis points and approved the new transmission protection instrument (TPI). The aim of the steps is to ensure that inflation returns to its 2 percent target in the medium term.
Analyst expectations included a smaller increase of 25 basis points. The bigger-than-expected rate hike boosted the euro, which rose to 1.0270 USD by 2:40 p.m., after trading at 1.0196 USD moments before the 2:15 p.m. rate announcement. (MTI)
Related news
Is another food price increase expected soon?
In recent weeks, there has been some relief in terms…
Read more >Domestic businesses are planning cautiously but consciously – VOSZ Barometer business sentiment analysis – Q1 2024
Uncertainty is still strongly felt in the business mood of…
Read more >György Raskó: the purchase of basic foodstuffs is also a serious challenge for many Hungarian households
The serious problem of impoverishment is still noticeable among the…
Read more >
More related news >
Related news
What do shoppers say about the new retail tools?
At the beginning of the year, Consumer Panel Hungary GfK–YouGov asked panel…
Read more >Special foods ranking: 1. Diabetic, 2. Low-carb, 3. Lactose-free
Different special diets and foods are frequently discussed, and it…
Read more >Community in the community
The recent MasterWorks business workshop of Hungarian Product Nonprofit Kft.…
Read more >