The European Central Bank (ECB) on Thursday announced a record rate hike in its three key interest rates by 75 basis points in its efforts to curb rising inflation across the Eurozone countries. The bank’s Governing Board, stated on the monetary policy measure that “this major step frontloads the transition from the prevailing highly accommodative […]
President of the European Central Bank (ECB), Ms Christine Lagarde, said on Tuesday that the war in Ukraine had led to surging energy and food prices that are higher than those seen in the 70s and 80s and expressed the bank’s readiness to combat soaring consumer prices with interest rate hikes in July and September. […]
The Swiss National Bank on Thursday raised its policy interest rate for the first time in 15 years in a surprise move, saying it is ready to hike further based on emerging inflationary trends in the global economic system. With the latest monetary policy stance, the Swiss Bank has joined other central banks in tightening […]