In a bid to demonstrate its determination to keep inflation under control, which reached a record level of 9.1% year-on-year in August, the Governing Council struck a blow, on Thursday 8 September, by raising its three key interest rates by 75 basis points, following a 50 basis point increase at the end of July (see EUROPE B12998A13).
The interest rates on the main refinancing operations of the marginal lending facility and the deposit facility will be increased to 1.25, 1.50 and 0.75%...