Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023
    Times of SaudiaTimes of Saudia
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Times of SaudiaTimes of Saudia
    Home » European Central Bank raises interest rates by 75 basis points
    Business

    European Central Bank raises interest rates by 75 basis points

    September 10, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    Governing council of the European Central Bank (ECB) decided to increase the three key interest rates of the ECB by 75 basis points. As a result, the interest rates on main refinancing operations as well as marginal lending facility and deposit facility interest rates will be increased to 1.25 percent, 1.50 percent, and 0.75 percent, respectively, starting on 14th September, 2022.

     European Central Bank raises interest rates by 75 basis pointsDue to the fact that the deposit facility rate has been raised to a level above zero, it is no longer necessary to maintain a two-tier system for remuneration of excess reserves. It was therefore decided today by the Governing Council that the two-tier system will be suspended by setting the multiplier to zero in order to maintain stability.

    Related Posts

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023

    ASEAN Summit in Jakarta sees PM Modi advocating India’s growing global impact

    September 7, 2023

    Goldman Sachs accused of bullying culture in £1 million lawsuit

    September 7, 2023
    Current News

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023
    © 2023 Times of Saudia | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.