European Central Bank Slows Pace of Rate Increases

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04 May 2023 0 shares 1 views

European Central Bank Slows Pace of Rate Increases

European Central Bank Slows Pace of Rate Increases

Upworthy

Published 04 May 2023

FRANKFURT—The European Central Bank increased its key rate by a quarter percentage point, shifting to less aggressive monetary-policy tightening amid signs that the bank’s monthslong campaign against high inflation is starting to bear fruit. The decision to move more slowly in raising borrowing…

#europeancentralbank #monthslong #federalreserve

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