ECB set to announce increase i...


ECB set to announce increase in interest rate

RedFM News
RedFM News

01:35 27 Oct 2022

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The European Central Bank's governing council is set to announce another 0.75% increase in interest rates today.

The ECB has already increased rates twice this year, 0.5% in July and 0.75% in September.

It's widely expected that rates will be increased by another three quarters of a percentage point today, bringing the main lending rate to 2%.


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