Wednesday, May 31, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

ECB Prepares to Rise Rates for First Time in 11 Years

in News
Ecb prepares to rise rates for first time in 11 years
Share on LinkedinShare on WhatsApp

The European Central Bank confirmed its intention to hike interest rates at its July meeting and downgraded its growth forecasts.

The ECB announced that it intends to raise its key interest rates by 25 basis points next month. A further hike in the September meeting will be decided upon the inflation outlook.

“Beyond September, based on its current assessment, the Governing Council anticipates that a gradual but sustained path of further increases in interest rates will be appropriate,” the ECB said in a statement on Thursday. The bank also announced it will end a long-running bond buying scheme.

The ECB now expects annual inflation to reach 6.8% in 2022, declining to 3.5% in 2023 and 2.1% in 2024, marking a substantial increase from its March projections. Inflation in Europe surged last month to a record-high 8.1%.

The bank also cut its growth forecast for the eurozone from 3.7% to 2.8% for 2022, and from 2.1% to 1.6% for 2023.

Global markets had been waiting for the ECB’s decision, as high inflation keeps impacting the global economy. Now the ECB joined other central banks in raising rates.

The U.S. Federal Reserve began hiking rates in March and a 50-basis point hike in May, which was its largest increase in almost 22 years, with further aggressive hikes ahead.

Tags: ECBEuropean Central BankFederal Reserve

Related Posts

Glencore to make bigger offer for canada’s teck resources
News

Glencore to make bigger offer for Canada’s Teck Resources

Former coinbase manager, brother settle sec insider-trading charges
News

Former Coinbase manager, brother settle SEC insider-trading charges

Ai means anybody can be a programmer, nvidia’s ceo says
News

Nvidia becomes first chipmaker valued at $1 trillion

Biden raises debt ceiling
News

Biden, McCarthy reach US debt-ceiling deal

Yellen warns on big economic repercussions in ukraine and beyond
News

US debt-ceiling deadline extended to June 5

The missing workers who are never coming back
News

Office REITs hit lowest level since 2009 amid remote work, tighter budgets

Cisco warns ai software could make phishing attacks harder to fend off
News

OpenAI raises $175m startup investment fund

Blackstone in talks to buy us regional banks’ assets
News

Blackstone in talks to buy US regional banks’ assets

- citi abandons banamex sale, plans ipo instead
News

Citi abandons Banamex sale, plans IPO instead

Whatsapp to add message-editing feature
News

WhatsApp to add message-editing feature

No Result
View All Result

Recent Posts

  • Glencore to make bigger offer for Canada’s Teck Resources
  • Former Coinbase manager, brother settle SEC insider-trading charges
  • AI will require more power than just the cloud
  • Nvidia becomes first chipmaker valued at $1 trillion
  • Biden, McCarthy reach US debt-ceiling deal

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Warning: array_sum() expects parameter 1 to be array, null given in /home/ceonacom/public_html/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111