Article 6ERJP Sluggish eurozone economies will not welcome ECB’s interest rate rise

Sluggish eurozone economies will not welcome ECB’s interest rate rise

by
Phillip Inman
from Economics | The Guardian on (#6ERJP)

Weak consumer spending as, people - especially in Germany, the EU's largest economy - put more into savings

Interest rates went up again across the eurozone on Thursday - probably for the last time during this cycle of hikes that has become a familiar story in the single currency bloc, as it has in the UK and US.

The European Central Bank (ECB) raised its main deposit rate by a quarter of one per cent to 4% - the highest level in the euro's history.

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