The ECB has raised its rate by 25 basis points to reach 4%, marking the eighth consecutive increase. Deposits will now garner an interest rate of 3.5%, the highest seen since 2001.
European Central Bank Increases Interest Rates Once Again
The ECB has raised its rate by 25 basis points to reach 4%, marking the eighth consecutive increase. Deposits will now garner an interest rate of 3.5%, the highest seen since 2001.