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European Central Bank raises interest rates to 2.50%
The European Central Bank (ECB) has raised interest rates by 25 basis points, bringing the deposit facility rate to 2.50%. This move is part of an ongoing effort to combat persistent inflation within the Eurozone.
ECB President Christine Lagarde issued warnings regarding inflation levels, noting that they are expected to remain significantly above the central bank's target. The rate hike marks a continued tightening cycle, though market analysts are closely watching for potential pauses in future increases.
Entities
Bank of England · Berlin · Brent · Brent · Brent crude · Christine Lagarde · Dow Jones Industrial Average · European Central Bank · Eurozone · Federal Reserve · Frankfurt · Iran
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Total overdue public debts to suppliers and taxpayers fell to 3.275 billion euros at the end of July. www.businessdaily.gr
- [○ 1 SOURCE] Hospital unpaid balances reached 1.235 billion euros in July.
- [○ 1 SOURCE] The government is promoting a new electronic platform called ‘Synepeia’ to track public sector payments in real time.
- [● 2 SOURCES] Overdue debts decreased by 277 million euros, or 7.8%, compared to June. www.businessdaily.gr
- [○ 1 SOURCE] The government repaid 8.836 billion euros in loans between January and July, including 8.357 billion euros from the Support Mechanism. www.eea.gr
- [○ 1 SOURCE] Total public debt remained above 400 billion euros at the end of July. www.eea.gr
- [● 2 SOURCES] Hospital debts were a major factor in the reduction of overdue public liabilities. www.businessdaily.gr
- [○ 1 SOURCE] Core inflation excluding energy and food was 2.4 percent.
- [● 4 SOURCES] Energy prices increased by 14.3 percent year-on-year. diariofinanciero.com · expres.mk
- [● 31 SOURCES] The ECB is expected to raise its key interest rate by 25 basis points to 2.5 percent. www.anleihencheck.de · europske.noviny.sk · www.ilfogliettone.it · www.diaridetarragona.com · www.derstandard.at · +10 more
- [● 27 SOURCES] Eurozone inflation rose to 3.3 percent in August. www.derstandard.at · www.diaridetarragona.com · diariofinanciero.com · www.francetransactions.com · expres.mk · +7 more
- [● 3 SOURCES] Futures markets price a 99.7 percent probability of an ECB rate hike.