Corp 1000

ECB hikes interest rates by 75 basis points, taking deposit rate to 1.5%

The European Central Bank on Thursday lifted its key interest rates by 75 basis points, or 0.75 percentage point, as expected and said it would continue to hike rates in response to inflation that “remains far too high.” The increase, which was expected, takes the deposit rate to 1.50%, while the refi rate rises to 2% and the marginal lending facility rate rises to 2.25%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Previous post Dow futures getting a more than 160-point boost from its earnings reporters
Next post Earnings and Cash Flows: A Primer on Free Cash Flow