Inflation in the eurozone rose 7.5% last March, while the forecast was 6%. However, it maintains interest rates without hikes.
The European Central Bank (ECB) confirmed this Thursday that: will complete debt purchases in the third quarter because “inflation has risen significantly and will remain high in the coming months.”
specifically, inflation increased by 7.5% in the eurozone last March, when the forecast was 6%.
Following the Governing Council meeting, the ECB announced in a statement that it has maintained the weekly auction rate at 0%, the marginal credit facility rate at 0.25% and the deposit rate at -0.25 %.
“Russian aggression in Ukraine is causing enormous suffering. It is also affecting the economy in Europe and elsewhere. The conflict and the associated uncertainty are seriously undermining business and consumer confidence,” the report said.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
