ECB signals first interest rate hike in a decade

25 basis points from July

clock • 2 min read
The central bank will also be halting its bond buying programme early next month.
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The central bank will also be halting its bond buying programme early next month.

The European Central Bank (ECB) will be raising key interest rates by 25 basis points at its July monetary policy meeting, marking the first interest rate hike in more than a decade.

The ECB said it also expects to raise rates in September by a "larger increment" if the current inflation outlook does not improve. Beyond September, it anticipates that "a gradual but sustained pa...

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