Home > European Central Bank hikes interest rates by record 75 basis points

Business
European Central Bank hikes interest rates by record 75 basis points

Description

European Central Bank President, Christine Lagarde, announces the ECB is lifting its key rates of interest by 75 basis points, leaving them sitting in a range of between 0.75 and 1.5 percent. It came after the bank hiked rates by 50 basis points in July, its first increase in more than a decade, in order to tame record eurozone inflation. These levels "will ensure the timely return of inflation to our 2% medium term target" she says, during a press conference in Frankfurt. SOUNDBITE

Added on the 08/09/2022 15:41:23 - Copyright : AFPTV - First images

To customise your video :

Or Create an account

More videos on the subject

  • Fed again raises US interest rate 75 basis points to fight inflation: Powell

    Federal Reserve Chair Jerome Powell announces a raise of the benchmark interest rate by three-quarters of a percentage point, adding that the Fed expects ongoing rate increases "will be appropriate." It is the second straight 75 basis point increase, and the fourth rate hike this year. SOUNDBITE

    27/07/2022 - AFPTV - First images
  • Fed hikes US interest rate 0.75 points

    The Federal Reserve announces the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points as it battles against surging inflation. SOUNDBITE

    15/06/2022 - AFPTV - First images
  • ECB hikes rates again, says to 'stay course'

    The European Central Bank president Christine Lagarde says that the ECB is raising interest rates again and signals it would "stay the course" in its monetary policy tightening, even as sky-high inflation starts to slow. SOUNDBITE

    02/02/2023 - AFPTV - First images
  • Negative interest rates 'thing of the past': German central bank chief

    Soaring inflation in the eurozone meant the European Central Bank would soon have to bring an end to its long-standing policy of negative interest rates, the head of the German central bank says. SOUNDBITE of Bundesbank chief Joachim Nagel

    20/05/2022 - AFPTV - First images
  • US Fed holds interest rates at 22-year high

    US Federal Reserve Chair Jerome Powell announces that the US Federal Reserve has voted to keep interest rates at a 22-year high, between 5.25 percent and 5.50 percent. SOUNDBITE

    20/09/2023 - AFPTV - First images

More videosBusiness