The European Central Bank (ECB) decided to raise interest rates by 25 basis points at the Thursday monetary policy meeting, the second increase of the year after, on July 11, it announced the first increase in key rates in almost three years.
The decision was made at Thursday's monetary policy meeting and represents the second increase in interest rates this year. This movement follows the first increase announced on July 11, which was the first in almost three years.
The ECB signals that it should not stop there, indicating that more increases may occur in the future. This 25 basis point rise reflects the continuation of the monetary tightening cycle by the European Central Bank.
