Central Banks
ECB Hikes Again as Lagarde Calls July Increase ‘Very Likely’
- Deposit rate is raised to 3.5% from 3.25%, as expected
- Analysts reckon tightening campaign will end after next month
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The European Central Bank lifted interest rates by another quarter-point, with President Christine Lagarde describing a further hike in July as “very likely.”
The deposit rate was raised to 3.5% on Thursday — the highest level in more than two decades and in line with the expectations of economists and traders.