ECB raised key rates by 25 bps in its May monetary policy decision following a 50-bps rate hike last meeting, and matching expectations from most analysts. EU borrowing costs are at the highest level since July 2008 and ECB President pledged interest rates remains ECB’s primary tool for setting monetary policy stance. Future decisions will ensure that the policy rates will be brought to levels sufficiently restrictive the statement said. The deposit facility rate is now 3.25%, the refinancing rate 3.75% … Continue reading “ECB Raises Rates Another 25bps, Highest Level Since July 2008”