Weak consumer spending as, people – especially in Germany, the EU’s largest economy – put more into savings
- ECB raises interest rates to highest level since euro launched
Interest rates went up again across the eurozone on Thursday – probably for the last time during this cycle of hikes that has become a familiar story in the single currency bloc, as it has in the UK and US.
The European Central Bank (ECB) raised its main deposit rate by a quarter of one per cent to 4% – the highest level in the euro’s history.
Source link : https://www.theguardian.com/business/2023/sep/14/sluggish-eurozone-economies-will-not-welcome-ecbs-interest-rate-rise
Author : Phillip Inman
Publish date : 2023-09-14 16:39:12
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