According to reports, the European Central Bank (ECB) stated that it intends to raise interest rates for more than 11 years in the next month to try to control the inflation of the euro zone. The European Central Bank stated that it will increase the main interest rate by 0.25%in July and plans to raise interest rates further later this year.
At present, the inflation rate in the euro zone has reached 8.1%, which is much higher than the previous predictions of the European Central Bank. The bank has raised its annual inflation expectations to 6.8%this year, and it is expected to slow the inflation level in 2023 and 2024 to 3.5%and 2.1%. The European Central Bank also reduced the economic growth forecast of the euro zone in 2022 from 3.7% to 2.8%, and the economic growth forecast of 2023 was reduced from 2.8% to 2.1%. The European Central Bank stated in a statement that the European Central Bank Management Commission will ensure that inflation returns to 2% of its goals in the medium term.
Post time: Jun-13-2022