The European Central Bank announced the 50 basis points of interest rate hikes, which was the first time in 2011

On the 21st local time, the European Central Bank announced that 50 basis points increased their interest rate hikes after the monetary policy meeting, increasing the current historical low deposit interest rate to zero.And this is also the European Central Bank since 2011, the first interest rate hike in 11 years.

Previously, the European Central Bank raised 25 basis points to 50 basis points.Because a sharp interest rate hike can curb high European inflation, it may also allow economic growth to "brake".At present, Europe is facing multiple challenges such as rising energy and food prices and uncertain global economic prospects. The European economy has a downward risk.The Summer Economic Forecast report released by the European Commission recently said that the European Union has maintained the expected economic growth expectations this year, but it has reduced the expectations of next year.The report predicts that the EU economy will increase by 2.7%in 2022, and will increase by 1.5%in 2023; the euro zone economy will increase by 2.6%in 2022, and will slow to 1.4%in 2023.

Observation of Sichuan (Source: CCTV Finance)

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