ECB continues raising aggressively interest rates

17:28 - 27.10.2022


October 27, Fineko/abc.az. The European Central Bank (ECB) announced the decision on the rate.

ABC.AZ reports that the ECB has again raised the base interest rate (interest on deposits) by 0.75 points – from 0.75% to 1.50%.

Economists also expected the Central Bank to raise the interest rate by 0.75 points. The ECB continued to aggressively raise interest rates in the second month to curb record high inflation. After the September meeting, the ECB also raised interest rates by 0.75 points at the October meeting. The refinancing rate has increased to 2%, the margin lending rate to 2.25%, and the deposit rate to 1.50%.

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