The European Central Bank (ECB) will raise interest rates by 25 basis points in July, according to Goldman Sachs.

The slowdown of the economy, low cost policy normalization, which led to renewed sovereign pressures, continued stress to hike costs, and limited scope for sustained demand, raised concerns for the ECB.

April 26, 2022 - 11:49 AM 265 views

The European Central Bank (ECB) will raise interest rates by 25 basis points in July, according to Goldman Sachs.

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© The European Central Bank (ECB) will raise interest rates by 25 basis points in July, according to Goldman Sachs.

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The slowdown of the economy, low cost policy normalization, which led to renewed sovereign pressures, continued stress to hike costs, and limited scope for sustained demand, raised concerns for the ECB.

Therefore, the ECB took the decision to increase interest rates by 25 basis points (bps) by July 25th. Besides, by 2023, the ECB will raise its main rate four times more, to 1.25 percent.

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