Faced with “undesirably high” inflation and the observed slowdown in economic growth in the eurozone, the ECB’s Governing Council unveiled on Thursday 9 June in Amsterdam the sequence that will lead to a gradual rise in the monetary institute’s interest rates, starting on Thursday 21 July with a 0.25% increase in the three key rates.
We have unanimously decided to take “further steps in the normalisation of our monetary policy”, said ECB President, Christine Lagarde.
Firstly,...