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European Central Bank hikes interest rates again

After the ECB, there is hope for a slowdown in Bank of England hikes

Ian King

Business Presenter



It’s interesting to see that the ECB has slowed the rate at which it raises interest rates.

The reasoning for this is that there is concern in certain parts of the Eurozone about the slow growth of the economy, especially in Germany. Germany is the largest and most important member.

Although the economy in the country stagnated during the first quarter of this year, inflation is still the ECB’s main concern.

The latest figures show that the headline inflation rate in the Eurozone rose from 6.9% to 7%, which is more than three-times the central target that the ECB aims to achieve for inflation, which is 2%.

The central bank had no choice but to increase interest rates.

The debate was whether the increase was a quarter or a half percent.

I believe that the figures from Germany may have changed the balance.

The eurozone is in good health. For example, unemployment has dropped to its lowest level since the creation of the euro, which is about 6.5%.

The data is mixed, but the European Central Bank has slowed down its pace of raising interest rates. This is in line with the US Federal Reserve’s announcement last night.

The main policy rate was also increased by a quarter percent, but they indicated that this was likely all that would be due at the moment.

This is a very encouraging sign for many people, as it shows that central banks all over the world have begun to slow down the rate of their interest rate hikes. People are expecting the Bank of England to do the same in a week’s time.


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