The European Central Bank raises interest rates by another 0.75 percentage points | monetary policy

The European Central Bank raises interest rates by another 0.75 percentage points |  monetary policy

In fulfillment of what the markets expected, the European Central Bank, on Thursday, raised its benchmark interest rates by 0.75 percentage points. This is the third consecutive strong interest rate move in the Eurozone, underlining the increasing urgency the monetary authority is feeling to take measures to curb the escalation of inflation. For the Portuguese, the result is a worsening of the credit premiums paid to the banks.

By Andrea Hargraves

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