European Central Bank announced a rate hike

On the 8th local time, the Central Bank of Frankfurt's European Central Bank held a monetary policy meeting to decide to raise 75 basis points to the three major interest rates in the euro zone, and said that it might continue to raise interest rates to further curb the level of inflation. This is the largest interest rate hike since the introduction of physical euro currencies in 2002.

The European Central Bank issued an announcement on the same day that starting from the 14th of this month, the main reconstruction interest rates, marginal loan interest rates and deposit mechanism interest rates were raised to 1.25%, 1.50%and 0.75%, respectively.

According to the announcement, the European Central Bank will continue to raise interest rates in the next few months to curb inflation to continue to rise. The preliminary statistics released by the European Union Statistical Bureau recently showed that the inflation rate in the euro zone in August was 9.1%at an annual rate of 9.1%, far exceeding the European Central Bank's 2%mid -term inflation target, and hit a record high.

The European Central Bank predicts that the inflation rate of euro zones in 2022 is 8.1%, and the inflation rates will be 5.5%and 2.3%in 2023 and 2024, respectively.

European Central Bank President: The economic growth of the euro zone will slow down significantly

On the 8th, the European Central Bank governor Lagarde said that the euro zone economy will slow down in the after -months in the next few months of this year.

The European Central Bank predicts that the total domestic value of the euro zone will increase by 3.1%year -on -year this year, a slight increase of 0.9%next year, and a growth rate of 1.9%in 2024.

Source: CCTV News Client

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