ECB raised key rates by 25 bps in its July monetary policy decision to 4.25% as expected, the highest level, and the rate on the deposit facility to a 22-year high of 3.5%. The move follows a 25-bps rate hike last meeting in the ninth consecutive rate hike. This despite the Eurozone entered a recession at the beginning of 2023. The bank said inflation continues to decline but is still expected to remain too high for too long. Expectation is … Continue reading ECB Raises Rates Another 25bps, Hints May be End of Rate Hikes