News > ECB Raises Key Rates by 75 Basis Points to Tame Record Inflation

ECB Raises Key Rates by 75 Basis Points to Tame Record Inflation

The European Central Bank raised its benchmark interest rate by three-quarters of a point on Thursday, and said that it expected to continue raising them in the future. The central bank also published a new set of economic forecasts.

The ECB “expects to raise interest rates further,” the central bank said in a statement, “because inflation remains far too high.”