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ECB hikes Euro interest rate to record high
September 14th, 2023 - 01:36 GMT

ECB hikes Euro interest rate to record high

ALBAWABA – The European Central Bank hiked the key Euro interest rate to a record high on Thursday in an attempt to curb inflation, despite cause to pause further hikes to take some pressure off the faltering Eurozone economy. ECB policymakers raised Euro interest rates by another quarter point, taking the deposit rate to 4 percent and the highest level ever recorded, Agence France-Presse (AFP) reported. This hike marked the ...
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