DistantNews
Support us
🇬🇷 Greece /Economy & Trade

ECB set to raise interest rates from Thursday

From Ta Nea · () Greek

Translated from Greek and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified New plan
  • The European Central Bank is expected to raise its deposit facility rate by 25 basis points to 2.5% on Thursday.
  • The move would mark the second rate increase of the year, following a hike in June.
  • The expected decision comes as a standoff between the United States and Iran continues and fuel prices rise sharply.

The European Central Bank is expected to raise its deposit facility rate by 25 basis points to 2.5% on Thursday.

It would be the bank's second interest-rate increase this year, following a similar move in June.

The decision is expected as the standoff in the conflict between the United States and Iran continues and fuel prices register a sharp rise.

About this summary

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

More Stories

From Our Blog