The European Central Bank raised interest rates on Tuesday (2 February) by another 0.5 percent to a 14-year high — and expects to hike rates by another half-percent in March.
Some have pointed out inflation has already peaked as energy prices have dropped to pre-war levels and gas supply seems more secure than it did months ago. But with core inflation above five percent, a hawkish ECB has decided to "stay the course in raising interest rates significantly," said ECB president Christine...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? LoginWester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.