ECB hikes lending rates to a 22-year high
Edited By WION Video Desk
Published: Jun 16, 2023, 06:20 IST | Updated: Jun 16, 2023, 06:20 IST
The European Central Bank has hiked the lending rates to the highest levels in the last 22 years. The ECB has increased its lending rate for the eighth consecutive time, this time by 0.25% to a 22 year-high of 3.5%. The hike comes even as the eurozone continues to struggle with high inflation and a contracting economy.
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