Consumers in Germany, the EU’s largest economy, representative of wider pattern of putting more into savingsECB raises interest rates to highest level since euro launchedInterest rates went up again across the eurozone on Thursday – probably for the last time during this cycle of hikes that has become a familiar story in the single currency bloc, as it has in the UK and US.The European Central Bank (ECB) raised its main deposit rate by a quarter of one per cent to 4% – the highest level in the euro’s history. Continue reading…
Source link : https://www.theguardian.com/business/2023/sep/14/sluggish-eurozone-economies-will-not-welcome-ecbs-interest-rate-rise
Author : Phillip Inman
Publish date : 2023-09-14 16:39:12
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