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Lagarde comments at ECB press conference
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Lagarde comments at ECB press conference
Date: October 27, 2022
FRANKFURT, Oct 27 (Reuters) – The European Central Bank raised its key interest rate by 75 basis points on Thursday to 1.5%, the highest level since 2009, and signalled an intention to start mopping up cash from the banking system to fight record-high inflation. Following are highlights of ECB President Christine Lagarde’s comments at a...
Statement from the ECB following policy meeting
Date: October 27, 2022
FRANKFURT, Oct 27 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made substantial progress in withdrawing monetary...