ECB raises rates by 75 basis points(ft.com)
ft.com
ECB raises rates by 75 basis points
https://www.ft.com/content/f1263bcc-260f-4a63-8cce-f2bedf3ab040
8 comments
Yes, let's combat cost-based inflation with unemployment. Stupid Central Bankers.
Weird times we live in when eurozone inflation is about 8% and we are still on rates below 1%.
Actually, rate is 1.25% after this raise
Just to add, deposit rate is 0.75% while the refinancing rate is 1.25%.
Unpaywalled version:
https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2...
I bought a house in February, around the housing price peak, but glad I got in while I could lock in a 2.29% rate for next five years. Intend to have paid off by time renewal comes up. & got lucky, since it meant divesting in January before market slumped