The first rate hike for 11 years!The European Central Bank announced that it will raise interest rat

[Global Times Comprehensive Report] The European Central Bank decided at the management committee meeting held on the 9th in the doctrine of Amsterdam, Netherlands to temporarily maintain the previous monetary policy.It is 0.25%, and the deposit interest rate is -0.50%.

According to Agence France -Presse, the European Central Bank Management Committee stated that it will announce a rate hike at the monetary policy conference next month, which will be the first interest rate hike in the European Central Bank since 2011.If the inflation situation in the euro area has not improved, the interest rate hike in September may be greater.The European Central Bank also reduced the growth of GDP in the euro zone in 2022 from 3.7%to 2.8%, and it is expected that the growth rate of the two years after the Ming Dynasty was 2.1%.The European Central Bank is expected to be 6.8%in 2022, will drop to 3.5%in 2023, and to 2.1%in 2024.(Mu Zhi)

- END -