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ECB raises interest rates again by 75 basis points to curb inflation
Updated 20:51, 27-Oct-2022
CGTN

The European Central Bank (ECB) on Thursday again lifted its three key rates by 75 basis points after a regular governing council meeting, leaving them sitting in a range of 1.5-2.25 percent. 

The ECB has now hiked rates three times in a row since July in a bid to get control of inflation.

"Inflation remains far too high and will stay above the target for an extended period," according to a statement from the central bank. 

(Cover: The European Central Bank building in Frankfurt, Germany, March 10, 2022. /CFP)

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