ECB deemed the decision to raise interest rates "solid" in order to navigate the effects of the conflict in the Middle East.
World1 source1 country🔦 Under-reported48m ago
On October 8, in Berlin, members of the European Central Bank (BCE) evaluated the decision made last month to raise interest rates by a quarter of a point to 2.5 percent. ECB officials described the measure as both "proportioned" and "solid."
The central bank's rate hike was implemented to help navigate and weather the high levels of economic uncertainty generated by the ongoing conflict in the Middle East.
Newz