European Central Bank confirms July rate hike plans, raises inflation projections significantly

Source: CNBC

“The European Central Bank on Thursday confirmed its intention to hike interest rates at its policy meeting next month and downgraded its growth forecasts. Following its latest monetary policy meeting, the Governing Council announced that it intends to raise its key interest rates by 25 basis points at its July meeting. The ECB expects a further hike at the September meeting, but said the scale of that increment would depend on the evolving trajectory of the medium-term inflation outlook.” (06/09/22)

https://www.cnbc.com/2022/06/09/european-central-bank-confirms-july-rate-hike-plans-raises-inflation-projections.html