4 ms·
ECB raises rates by 75 basis points
- nathanaldensr 4y agoNon-paywalled: https://www.cnbc.com/2022/09/08/european-central-bank-raises-rates-by-75-basis-points-.html https://www.cnbc.com/2022/09/08/european-central-bank-raises...
- fahrradflucht 4y agoOr official source: https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.mp220908~c1b6839378.en.html https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.mp2209...
- __s 4y agoCanada has made the same hike: https://www.bankofcanada.ca/2022/09/fad-press-release-2022-09-07 https://www.bankofcanada.ca/2022/09/fad-press-release-2022-0... I bought a house in February, around the housing price peak, but glad I got in while I could lock in a 2.29% rate for next five years. Intend to have paid off by time renewal comes up. & got lucky, since it meant divesting in January before market slumped
- mamonster 4y agoWeird times we live in when eurozone inflation is about 8% and we are still on rates below 1%.
- zxspectrum1982 4y agoActually, rate is 1.25% after this raise
- niclo 4y agoJust to add, deposit rate is 0.75% while the refinancing rate is 1.25%.
- avn2109 4y agoUnpaywalled version: https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2Ff1263bcc-260f-4a63-8cce-f2bedf3ab040 https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2...
- elzbardico 4y agoYes, let's combat cost-based inflation with unemployment. Stupid Central Bankers.