Hot topic: ECB significantly increases key interest rates in the euro area to 0.50 percent

In view of record inflation, the European Central Bank (ECB) is raising interest rates in the euro area for the first time in eleven years. The key interest rate rises unexpectedly sharply from zero to 0.50 percent, the negative interest rate of minus 0.50 percent for parked money from commercial banks no longer applies, as the ECB announced in Frankfurt.

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