ECB expected to announce another interest rates rise

The European Central Bank is expected to announce another half a percent interest rate rise this lunchtime.

The ECB’s Governing Council is meeting in Frankfurt.

Business Journalist Joe Lynam says the bank is determined to bring down Eurozone inflation.

“Interests rates are about 2.5% already, it’s almost certainly going to 3%.

“The ECB’s mandate, the only real reason that they exist is to keep a lid on inflation.

“That is its key job – inflation should be around 2%.”


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