European Central Bank Increases Interest Rate for the First Time in 11 Years
Posted on 07/22/2022
The European Central Bank (ECB) increased interest rates for the first time in 11 years. The ECB is trying to tame inflation in the eurozone. The ECB moved its benchmark rate up by 50 basis points, bringing its deposit rate to zero. Furthermore, the Transmission Protection Instrument announced on July 21, 2022 is a bond-buying…
